Sunrun (NASDAQ:RUN) Given New $13.00 Price Target at Mizuho

Sunrun (NASDAQ:RUN - Get Free Report) had its price target cut by stock analysts at Mizuho from $16.00 to $13.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the energy company's stock. Mizuho's target price indicates a potential upside of 57.00% from the company's previous close.

A number of other equities analysts have also weighed in on the company. Glj Research raised Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 target price for the company in a research report on Friday. Royal Bank of Canada cut their price objective on Sunrun from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Citigroup restated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Truist Financial restated a "hold" rating and issued a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Finally, TD Cowen dropped their price target on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Sunrun currently has an average rating of "Hold" and a consensus target price of $14.10.

Sunrun Stock Up 16.0%

Sunrun stock traded up $1.14 on Monday, hitting $8.28. 33,662,531 shares of the stock traded hands, compared to its average volume of 11,878,433. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.89 billion, a P/E ratio of -4.55 and a beta of 2.66. The business's fifty day simple moving average is $7.63 and its 200 day simple moving average is $8.59. Sunrun has a 1 year low of $5.45 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. Sunrun's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) EPS. As a group, sell-side analysts forecast that Sunrun will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other Sunrun news, Director Edward Harris Fenster acquired 50,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the acquisition, the director now owns 1,408,182 shares in the company, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 19,343 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now owns 399,729 shares in the company, valued at $2,694,173.46. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,540 shares of company stock valued at $595,944. Corporate insiders own 3.37% of the company's stock.

Institutional Trading of Sunrun

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock worth $219,679,000 after buying an additional 343,448 shares in the last quarter. Greenvale Capital LLP lifted its stake in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after purchasing an additional 10,294,947 shares in the last quarter. Sylebra Capital LLC lifted its stake in shares of Sunrun by 23.8% during the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after purchasing an additional 1,590,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sunrun by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after acquiring an additional 1,427,858 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.