The Goldman Sachs Group Cuts Sunrun (NASDAQ:RUN) Price Target to $15.00

Sunrun (NASDAQ:RUN) had its target price cut by The Goldman Sachs Group from $17.00 to $15.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other research analysts also recently issued reports on RUN. Roth Mkm decreased their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. TD Cowen decreased their target price on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. 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. Finally, BMO Capital Markets decreased their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $17.51.

Sunrun Price Performance

Shares of RUN opened at $6.90 on Monday. The firm has a market capitalization of $1.55 billion, a PE ratio of -3.79 and a beta of 2.59. The company’s fifty day moving average price is $9.13 and its 200-day moving average price is $12.85. Sunrun has a 1-year low of $5.93 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Activity at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,064 shares of company stock valued at $1,551,556. Corporate insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock valued at $219,679,000 after buying an additional 343,448 shares during the period. Greenvale Capital LLP grew its stake in shares of Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after buying an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after buying an additional 10,294,947 shares during the period. State Street Corp grew its stake in shares of Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after buying an additional 54,329 shares during the period. Finally, Sylebra Capital LLC grew its stake in shares of Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after buying an additional 3,699,405 shares during the period. 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.