Sunrun (NASDAQ:RUN) Given New $16.50 Price Target at Deutsche Bank Aktiengesellschaft

Sunrun (NASDAQ:RUN) had its target price upped by Deutsche Bank Aktiengesellschaft from $12.00 to $16.50 in a research report sent to investors on Thursday, Benzinga reports. They currently have a hold rating on the energy company’s stock.

A number of other analysts have also recently weighed in on RUN. UBS Group increased their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a neutral rating in a report on Wednesday. Barclays increased their price objective on shares of Sunrun from $16.00 to $19.00 and gave the stock an equal weight rating in a report on Tuesday, July 23rd. Truist Financial reiterated a hold rating and issued a $18.00 target price (up previously from $12.00) on shares of Sunrun in a research report on Wednesday. Susquehanna increased their target price on shares of Sunrun from $23.00 to $24.00 and gave the company a positive rating in a research report on Monday, July 15th. Finally, Morgan Stanley increased their target price on shares of Sunrun from $24.00 to $29.00 and gave the company an overweight rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $22.69.

Sunrun Stock Performance

Shares of RUN stock traded down $0.94 during trading hours on Thursday, reaching $17.89. The stock had a trading volume of 11,996,037 shares, compared to its average volume of 13,541,669. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. Sunrun has a twelve month low of $8.43 and a twelve month high of $20.68. The firm has a 50-day simple moving average of $14.90 and a 200-day simple moving average of $13.34. The firm has a market capitalization of $3.97 billion, a PE ratio of -2.68 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. As a group, equities analysts forecast that Sunrun will post -1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the director now directly owns 1,344,383 shares of the company’s stock, valued at $16,280,478.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mary Powell sold 1,741 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $14.86, for a total transaction of $25,871.26. Following the transaction, the chief executive officer now owns 589,927 shares of the company’s stock, valued at $8,766,315.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the transaction, the director now directly owns 1,344,383 shares in the company, valued at approximately $16,280,478.13. The disclosure for this sale can be found here. Insiders sold a total of 255,712 shares of company stock worth $3,706,261 over the last ninety days. 3.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. Vanguard Group Inc. raised its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after purchasing an additional 2,743,148 shares during the period. Norges Bank bought a new position in shares of Sunrun in the fourth quarter valued at approximately $23,186,000. Greenvale Capital LLP grew its stake in shares of Sunrun by 15.3% in the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after acquiring an additional 1,100,000 shares during the last quarter. Masters Capital Management LLC acquired a new stake in shares of Sunrun in the fourth quarter worth $19,630,000. Finally, Robeco Schweiz AG boosted its holdings in Sunrun by 23.5% in the 1st quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after purchasing an additional 876,000 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.