Susquehanna Raises Sunrun (NASDAQ:RUN) Price Target to $13.00

Key Points

• Sunrun's target price was raised from $12.00 to $13.00 by Susquehanna, indicating a potential upside of 43.33% from the current price.
• The company reported positive earnings of $1.07 per share for the last quarter, beating estimates, with revenues reaching $569.34 million.
• Despite the positive outlook from some analysts, the stock has mixed ratings with two sell ratings, eleven hold ratings, and eleven buy ratings.

Sunrun (NASDAQ:RUN - Free Report) had its target price upped by Susquehanna from $12.00 to $13.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a positive rating on the energy company's stock.

RUN has been the subject of several other research reports. BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and lowered their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Glj Research lowered shares of Sunrun from a "hold" rating to a "sell" rating in a research report on Tuesday, June 17th. UBS Group decreased their target price on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Morgan Stanley reiterated an "equal weight" rating and issued a $11.00 target price on shares of Sunrun in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered shares of Sunrun from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $12.00 to $5.00 in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.85.

Sunrun Stock Performance

Shares of Sunrun stock traded down $0.15 during trading on Thursday, hitting $11.85. 18,586,180 shares of the stock were exchanged, compared to its average volume of 14,596,043. The stock's fifty day moving average is $9.27 and its 200 day moving average is $8.29. The stock has a market cap of $2.73 billion, a PE ratio of -1.02 and a beta of 2.37. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.99 and a current ratio of 1.41. Sunrun has a 12 month low of $5.38 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, topping the consensus estimate of ($0.18) by $1.25. The business had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Sunrun will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 8,909 shares of Sunrun stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $96,217.20. Following the transaction, the chief financial officer directly owned 446,797 shares of the company's stock, valued at $4,825,407.60. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Paul S. Dickson sold 8,010 shares of Sunrun stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.81, for a total transaction of $86,588.10. Following the completion of the transaction, the executive directly owned 679,044 shares in the company, valued at approximately $7,340,465.64. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,939 shares of company stock valued at $430,264 over the last 90 days. 3.37% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

Several institutional investors have recently made changes to their positions in RUN. American Century Companies Inc. boosted its holdings in shares of Sunrun by 240.2% during the fourth quarter. American Century Companies Inc. now owns 159,189 shares of the energy company's stock worth $1,472,000 after purchasing an additional 112,402 shares during the period. Sei Investments Co. boosted its holdings in shares of Sunrun by 11.4% during the fourth quarter. Sei Investments Co. now owns 47,003 shares of the energy company's stock worth $435,000 after purchasing an additional 4,817 shares during the period. LPL Financial LLC increased its holdings in Sunrun by 11.7% in the fourth quarter. LPL Financial LLC now owns 49,608 shares of the energy company's stock worth $459,000 after buying an additional 5,189 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Sunrun by 31.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 39,432 shares of the energy company's stock worth $365,000 after buying an additional 9,380 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Sunrun by 180.1% in the fourth quarter. Franklin Resources Inc. now owns 138,891 shares of the energy company's stock worth $1,285,000 after buying an additional 89,299 shares during the last quarter. 91.69% of the stock is currently 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.