Sunrun (NASDAQ:RUN) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Sunrun’s price target from $11 to $10 but maintained its “outperform” rating; at the cited share price of $9.95, the new target implied about 0.55% upside.
• Sunrun reported quarterly EPS of $0.56, beating the $0.16 consensus estimate, while revenue of $1.10 billion exceeded forecasts and rose 51.7% year over year.
• Analyst views were mixed: MarketBeat reported a consensus “Hold” rating and average target of $14.04, despite several firms lowering their price targets and others retaining bullish ratings.

Sunrun (NASDAQ:RUN - Get Free Report) had its price target dropped by research analysts at Royal Bank Of Canada from $11.00 to $10.00 in a report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the energy company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 0.55% from the company's current price.

A number of other research analysts have also recently issued reports on RUN. Mizuho set a $18.00 target price on shares of Sunrun in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a "buy" rating on shares of Sunrun in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Sunrun from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday. Wells Fargo & Company dropped their price target on Sunrun from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, August 14th. Finally, Barclays cut their price objective on Sunrun from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sunrun currently has a consensus rating of "Hold" and an average price target of $14.04.

Sunrun Price Performance

Shares of Sunrun stock traded up $0.07 during mid-day trading on Friday, reaching $9.95. 10,278,564 shares of the stock were exchanged, compared to its average volume of 9,500,474. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 5.02 and a beta of 2.35. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a 50-day simple moving average of $8.11 and a 200 day simple moving average of $12.29. Sunrun has a fifty-two week low of $6.78 and a fifty-two week high of $21.95.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $757.53 million. Sunrun had a net margin of 14.01% and a return on equity of 12.56%. The firm's quarterly revenue was up 51.7% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. On average, sell-side analysts predict that Sunrun will post 1.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Paul Dickson sold 15,837 shares of Sunrun stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $122,895.12. Following the completion of the sale, the executive directly owned 823,702 shares in the company, valued at $6,391,927.52. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 approximately $794,806.10. The trade was a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,975 shares of company stock valued at $563,721 over the last 90 days. Corporate insiders own 3.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi increased its holdings in shares of Sunrun by 56.3% in the first quarter. Amundi now owns 3,300,626 shares of the energy company's stock worth $44,798,000 after acquiring an additional 1,188,564 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sunrun during the second quarter worth about $18,120,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sunrun during the 2nd quarter valued at about $4,210,000. EP Wealth Advisors LLC bought a new position in shares of Sunrun during the 2nd quarter valued at about $1,960,000. Finally, Bank of America Corp DE bought a new position in shares of Sunrun during the 2nd quarter valued at about $29,953,000. 91.69% of the stock is currently owned by institutional investors.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported third-quarter earnings of $0.56 per share, above analysts’ expectations, and revenue of $1.10 billion, roughly 52% higher year over year and well ahead of estimates. The results helped drive a positive market reaction. Sunrun Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management expects approximately $200 million in cash generation for 2026 and aims to double storage capacity by the end of 2028. Its “meaningfully positive” cash-flow outlook supports the investment case. Sunrun expects 2026 cash generation and storage growth
• Positive Sentiment: The company reached 5 GWh of installed storage capacity, bolstering its battery business and grid-services opportunity. Sunrun reaches 5 GWh storage milestone
• Neutral Sentiment: Chief Accounting Officer Maria Barak sold 3,256 shares under a pre-arranged Rule 10b5-1 plan. She retained 85,006 shares, which tempers the significance of the sale. Sunrun insider transaction
• Negative Sentiment: Quarterly solar installations declined 15% year over year, a sign that demand or deployment remains a headwind even as storage expands. Sunrun installations and storage update
• Negative Sentiment: JPMorgan and Citigroup lowered their price targets to $11 and $13, respectively, though both maintained bullish ratings. The cuts suggest analysts remain cautious about the outlook despite the earnings beat. JPMorgan analyst recommendations

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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