Sunrun (NASDAQ:RUN) Price Target Raised to $20.00

Key Points

• Deutsche Bank has raised the price target for Sunrun (NASDAQ:RUN) from $11.00 to $20.00, maintaining a "hold" rating, indicating a potential upside of 1.50% from its current price.
• After recent performance, Sunrun reported earnings of $1.07 per share for the last quarter, significantly beating estimates and showing an 8.7% year-over-year revenue increase to $569.34 million.
• Insider activity has been notable, with CEO Mary Powell selling shares, while institutional investors have recently increased stakes, highlighting strong market interest and activity around the stock.

Sunrun (NASDAQ:RUN - Get Free Report) had its target price raised by investment analysts at Deutsche Bank Aktiengesellschaft from $11.00 to $20.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a "hold" rating on the energy company's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 1.50% from the stock's current price.

RUN has been the subject of a number of other reports. Susquehanna lifted their price objective on Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. UBS Group boosted their target price on Sunrun from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Glj Research raised shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. Oppenheimer increased their target price on shares of Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.60.

Sunrun Trading Up 14.0%

Shares of NASDAQ RUN opened at $19.71 on Wednesday. Sunrun has a 1-year low of $5.38 and a 1-year high of $18.32. The company has a 50-day moving average of $14.37 and a two-hundred day moving average of $10.23. The company has a market cap of $4.55 billion, a PE ratio of -1.60 and a beta of 2.21. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70.

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

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 3,142 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $16.93, for a total transaction of $53,194.06. Following the transaction, the chief executive officer owned 888,289 shares in the company, valued at approximately $15,038,732.77. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanna Steele sold 7,077 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $16.75, for a total transaction of $118,539.75. Following the completion of the sale, the insider directly owned 415,126 shares of the company's stock, valued at approximately $6,953,360.50. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,136 shares of company stock valued at $1,076,538. Insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sunrun during the 4th quarter worth $94,000. GAMMA Investing LLC boosted its stake in shares of Sunrun by 572.1% in the 1st quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock valued at $421,000 after purchasing an additional 61,198 shares in the last quarter. OLD National Bancorp IN increased its position in Sunrun by 15.2% during the 1st quarter. OLD National Bancorp IN now owns 169,271 shares of the energy company's stock worth $992,000 after purchasing an additional 22,336 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Sunrun by 40.9% in the 1st quarter. Handelsbanken Fonder AB now owns 1,338,168 shares of the energy company's stock valued at $7,842,000 after purchasing an additional 388,523 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Sunrun during the first quarter worth $273,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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