Sunrun (NASDAQ:RUN) Given New $18.00 Price Target at JPMorgan Chase & Co.

Sunrun (NASDAQ:RUN) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $22.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 75.95% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. Truist Financial reissued a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Jefferies Financial Group decreased their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley decreased their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

Sunrun Price Performance

RUN stock opened at $10.23 on Thursday. 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’s fifty day moving average price is $10.23 and its 200-day moving average price is $14.54. Sunrun has a one year low of $8.22 and a one year high of $22.26. The company has a market capitalization of $2.29 billion, a PE ratio of -5.62 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $537.17 million during the quarter, compared to analysts’ expectations of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Sunrun will post -0.41 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the sale, the director now owns 991,753 shares in the company, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,830 shares of company stock worth $1,614,147. 3.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. International Assets Investment Management LLC increased 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 acquiring an additional 1,638 shares during the period. Blue Trust Inc. lifted its stake in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sunrun during the third quarter valued at about $44,000. Union Bancaire Privee UBP SA bought a new position in Sunrun in the fourth quarter worth about $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sunrun during the fourth quarter valued at about $94,000. 91.69% of the stock is currently owned by institutional investors.

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.