Sunrun (NASDAQ:RUN) Price Target Cut to $18.00 by Analysts at JPMorgan Chase & Co.

Sunrun (NASDAQ:RUN) had its target price decreased by JPMorgan Chase & Co. from $22.00 to $18.00 in a report issued on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy company’s stock.

RUN has been the subject of several other reports. Susquehanna lowered their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. Glj Research reiterated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Jefferies Financial Group cut their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Finally, Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $19.11.

Sunrun Trading Up 10.4 %

Shares of RUN stock opened at $9.34 on Thursday. Sunrun has a 52 week low of $8.22 and a 52 week high of $22.26. 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 stock’s fifty day moving average is $10.22 and its 200-day moving average is $14.56.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) EPS 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 company had revenue of $537.17 million for the quarter, compared to the consensus estimate of $560.60 million. During the same period in the prior year, the company earned $0.40 EPS. As a group, sell-side analysts forecast that Sunrun will post -0.41 EPS for the current year.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now directly owns 991,753 shares of the company’s stock, valued at $9,510,911.27. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Danny Abajian sold 3,734 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $41,746.12. Following the transaction, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. The trade was a 1.43 % 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 over the last 90 days. 3.77% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB increased its stake in shares of Sunrun by 12.8% in the fourth quarter. Swedbank AB now owns 218,911 shares of the energy company’s stock valued at $2,025,000 after buying an additional 24,792 shares during the period. Pacific Capital Wealth Advisors Inc. raised its stake in Sunrun by 102.9% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock worth $747,000 after buying an additional 40,942 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in Sunrun by 11.0% in the fourth quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock valued at $740,000 after buying an additional 7,929 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Sunrun during the fourth quarter valued at $56,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Sunrun in the 4th quarter worth about $118,000. 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.