Sunrun (NASDAQ:RUN) Price Target Lowered to $15.00 at The Goldman Sachs Group

Sunrun (NASDAQ:RUN) had its target price cut by The Goldman Sachs Group from $17.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

Several other equities analysts also recently commented on the stock. TD Cowen lowered their target price on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. UBS Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $17.00 in a report on Friday, January 10th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer reduced their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Glj Research restated a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.61.

Sunrun Price Performance

RUN stock opened at $6.17 on Monday. Sunrun has a one year low of $6.00 and a one year high of $22.26. The company’s fifty day moving average price is $9.20 and its 200-day moving average price is $12.94. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a market capitalization of $1.38 billion, a PE ratio of -3.39 and a beta of 2.59.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the transaction, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Harris Fenster bought 150,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. This represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 163,064 shares of company stock valued at $1,551,556 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after buying an additional 1,638 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Sunrun by 21.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,612 shares of the energy company’s stock valued at $372,000 after buying an additional 3,676 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Sunrun in the 3rd quarter valued at about $255,000. Van ECK Associates Corp boosted its holdings in shares of Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after buying an additional 886 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Sunrun by 8.3% in the 3rd quarter. QRG Capital Management Inc. now owns 30,135 shares of the energy company’s stock valued at $544,000 after buying an additional 2,317 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.