Susquehanna Raises Sunrun (NASDAQ:RUN) Price Target to $12.00

Sunrun (NASDAQ:RUN - Get Free Report) had its price target raised by research analysts at Susquehanna from $10.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "positive" rating on the energy company's stock. Susquehanna's price target would suggest a potential upside of 13.48% from the stock's current price.

A number of other research analysts have also weighed in on RUN. BNP Paribas Exane raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 target price for the company in a report on Monday, July 7th. Jefferies Financial Group raised shares of Sunrun from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $5.00 to $11.00 in a research note on Wednesday, July 9th. Glj Research lowered shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Mizuho lifted their price objective on shares of Sunrun from $13.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, KeyCorp raised shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $14.30.

Sunrun Price Performance

Shares of Sunrun stock traded down $0.07 on Monday, hitting $10.58. 20,439,123 shares of the company traded hands, compared to its average volume of 17,051,047. The stock has a market capitalization of $2.42 billion, a P/E ratio of -0.87 and a beta of 2.60. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.26. The business has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $8.25.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The firm had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same quarter last year, the business posted ($0.40) earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In related news, CFO Danny Abajian sold 8,909 shares of Sunrun stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the sale, the chief financial officer directly owned 446,797 shares in the company, valued at $4,825,407.60. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward Harris Fenster acquired 50,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $10.87 per share, with a total value of $543,500.00. Following the completion of the acquisition, the director directly owned 1,408,182 shares of the company's stock, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 41,939 shares of company stock valued at $430,264 over the last three months. 3.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in Sunrun in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new position in Sunrun in the fourth quarter worth about $53,000. Apollon Wealth Management LLC bought a new position in Sunrun in the first quarter worth about $60,000. US Bancorp DE raised its holdings in Sunrun by 107.6% in the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock worth $60,000 after purchasing an additional 5,342 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after purchasing an additional 6,129 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

About Sunrun

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.