Barclays Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its price target dropped by stock analysts at Barclays from $18.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the energy company’s stock. Barclays‘s target price indicates a potential upside of 59.74% from the stock’s current price.

RUN has been the subject of several other reports. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $17.00 in a research report on Friday, January 10th. TD Cowen started coverage on shares of Sunrun in a research report on Thursday, December 19th. They set a “buy” rating and a $21.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Sunrun Price Performance

NASDAQ:RUN opened at $9.39 on Tuesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $14.42. Sunrun has a 1-year low of $8.22 and a 1-year high of $22.26. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -5.16 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts forecast that Sunrun will post -0.41 EPS for the current year.

Insider Buying and Selling at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now directly owns 418,492 shares of the company’s stock, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the sale, the director now owns 991,753 shares in the company, valued at $9,510,911.27. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,614,147 in the last quarter. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Greenvale Capital LLP lifted its stake in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after acquiring an additional 2,000,000 shares during the period. State Street Corp lifted its position in Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC boosted its holdings in Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Sunrun during the 3rd quarter worth approximately $76,152,000. Finally, FMR LLC raised its stake in shares of Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after buying an additional 1,562,163 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.