Sunrun (NASDAQ:RUN) Stock Price Target Cut by Citigroup

Key Points

• Citigroup cut its Sunrun price target from $14 to $13 but maintained a Buy rating, implying about 32% upside from the stock’s then-current price.
• Analyst views are mixed: the consensus rating is Hold with a $14.33 target, while 12 analysts rate the stock Buy, seven Hold, and two Sell.
• Sunrun beat quarterly estimates, reporting EPS of $0.56 versus $0.16 expected and revenue of $1.10 billion, up 51.7% year over year; shares rose 11.9% in Thursday trading.

Sunrun (NASDAQ:RUN - Get Free Report) had its target price lowered by research analysts at Citigroup from $14.00 to $13.00 in a report released on Thursday, Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. Citigroup's target price would indicate a potential upside of 32.11% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of Sunrun from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, October 9th. Barclays reduced their price objective on shares of Sunrun from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, October 9th. Oppenheimer reissued an "outperform" rating on shares of Sunrun in a research report on Thursday. Morgan Stanley lowered their target price on shares of Sunrun from $15.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada cut their price target on shares of Sunrun from $18.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Sunrun presently has an average rating of "Hold" and a consensus price target of $14.33.

Sunrun Stock Up 11.9%

Shares of NASDAQ RUN traded up $1.05 during mid-day trading on Thursday, reaching $9.84. 35,170,092 shares of the company were exchanged, compared to its average volume of 9,495,002. Sunrun has a 1 year low of $6.78 and a 1 year high of $21.95. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $12.33. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 6.65 and a beta of 2.35. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.40. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $757.53 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The firm's quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, research analysts expect that Sunrun will post 1.46 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other news, CAO Maria Barak sold 3,256 shares of the company's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $9.35, for a total transaction of $30,443.60. Following the transaction, the chief accounting officer owned 85,006 shares in the company, valued at $794,806.10. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul Dickson sold 15,837 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $122,895.12. Following the completion of the transaction, the executive directly owned 823,702 shares of the company's stock, valued at $6,391,927.52. The trade was a 1.89% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 71,975 shares of company stock valued at $563,721. Insiders own 3.55% of the company's stock.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&G PLC boosted its stake in shares of Sunrun by 40.1% in the third quarter. M&G PLC now owns 63,536 shares of the energy company's stock worth $508,000 after buying an additional 18,195 shares during the last quarter. Fulcrum Asset Management LLP grew its holdings in Sunrun by 27.7% during the third quarter. Fulcrum Asset Management LLP now owns 65,432 shares of the energy company's stock worth $505,000 after acquiring an additional 14,210 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Sunrun during the third quarter valued at approximately $103,000. Brighton Jones LLC purchased a new position in Sunrun during the third quarter valued at approximately $92,000. Finally, Parallel Advisors LLC raised its position in Sunrun by 72.2% during the third quarter. Parallel Advisors LLC now owns 6,765 shares of the energy company's stock valued at $53,000 after acquiring an additional 2,837 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported Q3 earnings of $0.56 per share, beating the $0.16 consensus estimate, while revenue of $1.10 billion exceeded expectations of about $758 million and rose 51.7% year over year. The sizable results beat is the main company-specific catalyst. Sunrun Shares Rise After Higher 3Q Profit, Revenue
• Positive Sentiment: Management expects approximately $200 million in cash generation in 2026 and is targeting a doubling of storage capacity by the end of 2028. That outlook may ease concerns about cash generation and support the company’s growth prospects. Sunrun expects 2026 cash generation and targets storage growth
• Positive Sentiment: Sunrun reached 5 GWh of installed storage capacity. Its expanding battery business and distributed power plant programs could provide additional growth opportunities beyond rooftop solar. Sunrun reaches 5 GWh storage milestone
• Neutral Sentiment: Clean-energy stocks also benefited from investor expectations of a more favorable policy environment following Democrats’ election gains. This sector-wide tailwind may have supported RUN, but is not specific to Sunrun. Clean-energy stocks rally after election results
• Negative Sentiment: Q3 solar installations fell 15% year over year, a sign of continuing pressure in Sunrun’s core solar business that could temper the positive results and storage growth story. Q3 installations and storage milestone

Sunrun Company Profile

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.

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