Susquehanna Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price decreased by analysts at Susquehanna from $19.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “positive” rating on the energy company’s stock. Susquehanna’s price objective indicates a potential upside of 44.46% from the company’s current price.

RUN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $17.00 target price on shares of Sunrun in a report on Friday, May 8th. Glj Research reiterated a “sell” rating on shares of Sunrun in a report on Wednesday, June 24th. Barclays lowered their price objective on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Roth Capital restated a “buy” rating on shares of Sunrun in a report on Thursday. Finally, Wall Street Zen lowered shares of Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.81.

Sunrun Stock Performance

Sunrun stock opened at $12.46 on Friday. The stock has a fifty day moving average price of $13.65 and a 200 day moving average price of $15.28. Sunrun has a 52 week low of $9.01 and a 52 week high of $22.44. The firm has a market capitalization of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The firm’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Equities research analysts anticipate that Sunrun will post 1.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Maria Barak sold 3,278 shares of Sunrun stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.17, for a total transaction of $39,893.26. Following the sale, the chief accounting officer owned 90,033 shares of the company’s stock, valued at $1,095,701.61. The trade was a 3.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Danny Abajian sold 16,495 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $217,569.05. Following the completion of the transaction, the chief financial officer owned 420,318 shares in the company, valued at $5,543,994.42. This represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 223,045 shares of company stock valued at $3,081,335 over the last three months. Company insiders own 3.55% of the company’s stock.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the business. Contour Asset Management LLC acquired a new stake in Sunrun during the 4th quarter valued at approximately $98,010,000. Norges Bank acquired a new position in shares of Sunrun in the 4th quarter valued at approximately $62,169,000. Voloridge Investment Management LLC purchased a new position in shares of Sunrun during the 3rd quarter valued at approximately $40,193,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sunrun during the 3rd quarter valued at approximately $21,427,000. Finally, Invesco Ltd. grew its position in shares of Sunrun by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after buying an additional 1,231,628 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI data center pilot that could turn its residential solar and battery network into a new, higher-margin revenue stream by hosting AI compute at customers’ homes. Article Title
• Positive Sentiment: Several bullish articles and analyst commentary suggested the AI pilot could be a meaningful catalyst for the stock, and unusual call option buying showed traders positioning for more upside. Article Title
• Neutral Sentiment: Media coverage around the AI data center idea kept Sunrun in the spotlight, but some reports noted the news has not yet translated into a full stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 plan, adding to insider-selling headlines that can weigh on sentiment. Article Title
• Negative Sentiment: Another insider sale by CEO Mary Powell was also reported, which may make some investors cautious despite the company’s recent operational and strategic news. Article Title

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.