Sunrun (NASDAQ:RUN) Price Target Cut to $30.00 by Analysts at Roth Mkm

Sunrun (NASDAQ:RUN) had its price target decreased by Roth Mkm from $35.00 to $30.00 in a research note published on Friday morning,Benzinga reports. Roth Mkm currently has a buy rating on the energy company’s stock.

A number of other research analysts have also issued reports on RUN. Morgan Stanley restated an “overweight” rating and set a $35.00 price objective on shares of Sunrun in a report on Tuesday, September 24th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, September 27th. UBS Group raised their price target on shares of Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Jefferies Financial Group reduced their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, Evercore ISI decreased their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.86.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $10.23 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The company has a market cap of $2.29 billion, a PE ratio of -5.62 and a beta of 2.61. Sunrun has a 1-year low of $9.02 and a 1-year high of $22.26. The stock has a fifty day moving average price of $16.39 and a 200 day moving average price of $15.47.

Insider Activity

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the sale, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at $5,495,635. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,840 shares of company stock worth $2,755,487 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Large investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. acquired a new position in shares of Sunrun in the 3rd quarter valued at $1,309,000. Intech Investment Management LLC acquired a new position in Sunrun in the third quarter worth about $1,223,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Advisors Asset Management Inc. boosted its holdings in Sunrun by 41.8% during the third quarter. Advisors Asset Management Inc. now owns 48,001 shares of the energy company’s stock valued at $867,000 after purchasing an additional 14,157 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Sunrun in the 3rd quarter valued at approximately $813,000. 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.