Sunrun (NASDAQ:RUN) Price Target Cut to $16.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut Sunrun’s price target from $21 to $16 but maintained a “buy” rating, implying 52.53% upside from the prior close.
• Analyst sentiment remains mixed: Sunrun has a consensus “hold” rating and an average price target of $18.54, despite 12 buy ratings, eight holds, and two sells.
• Sunrun reported quarterly results above expectations, with EPS of $0.42 versus $0.23 estimated and revenue of approximately $870 million, up 52.8% year over year.

Sunrun (NASDAQ:RUN - Get Free Report) had its price objective dropped by TD Cowen from $21.00 to $16.00 in a research note issued to investors on Thursday. The brokerage presently has a "buy" rating on the energy company's stock. TD Cowen's target price points to a potential upside of 52.53% from the stock's previous close.

RUN has been the subject of a number of other research reports. Susquehanna reduced their price objective on Sunrun from $19.00 to $18.00 and set a "positive" rating for the company in a research note on Friday, July 10th. Roth Capital reiterated a "buy" rating on shares of Sunrun in a report on Thursday, July 9th. Barclays decreased their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Sunrun from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 16th. Finally, Glj Research reiterated a "sell" rating and set a $4.63 price objective on shares of Sunrun in a report on Friday, July 10th. 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.54.

Sunrun Price Performance

Sunrun stock opened at $10.49 on Thursday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 4.92 and a beta of 2.35. Sunrun has a 52-week low of $9.01 and a 52-week high of $22.44. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. The stock's 50 day moving average price is $12.53 and its two-hundred day moving average price is $14.21.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. Sunrun's quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, equities analysts predict that Sunrun will post 1.01 earnings per share for the current year.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 23,985 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the sale, the chief executive officer owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares in the company, valued at $11,065,124.02. The trade was a 1.83% 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 sold 223,045 shares of company stock valued at $2,934,835 over the last three months. Insiders own 3.55% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Contour Asset Management LLC bought a new position in shares of Sunrun during the 4th quarter worth $98,010,000. Norges Bank purchased a new position in shares of Sunrun in the fourth quarter worth about $62,169,000. Voloridge Investment Management LLC bought a new stake in shares of Sunrun in the third quarter valued at approximately $40,193,000. Arrowstreet Capital Limited Partnership bought a new position in Sunrun in the 3rd quarter worth approximately $21,427,000. Finally, Invesco Ltd. lifted 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 acquiring an additional 1,231,628 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported second-quarter adjusted earnings of $0.42 per share and revenue of approximately $870 million, exceeding consensus estimates of $0.23 and $747 million, respectively. Revenue increased 52.8% from the prior year. Sunrun Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Storage momentum was strong: the battery attachment rate reached a record 74%, while networked storage capacity reached 4.6 gigawatt-hours. Aggregate subscriber value was approximately $1.2 billion. Sunrun Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Sunrun priced a $267 million securitization of residential solar and storage assets, supporting liquidity and the company’s asset-financing model. Sunrun Prices $267 Million Securitization

Sunrun Company Profile

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.

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