Sunrun - RUN Stock Forecast, Price & News

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of 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. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RUN. Piper Sandler boosted their price objective on shares of Sunrun from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday. Evercore ISI upped their price target on shares of Sunrun from $64.00 to $67.00 in a report on Thursday. BMO Capital Markets upped their price target on shares of Sunrun from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday. Roth Capital cut their price target on shares of Sunrun from $42.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. Finally, Wells Fargo & Company began coverage on shares of Sunrun in a report on Wednesday, June 29th. They set an "equal weight" rating and a $27.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.

Sunrun Stock Up 4.5 %

Shares of NASDAQ:RUN opened at $33.24 on Friday. Sunrun has a 12-month low of $16.80 and a 12-month high of $60.60. The firm has a market cap of $7.05 billion, a PE ratio of -59.36 and a beta of 2.29. The company's fifty day simple moving average is $25.70 and its 200 day simple moving average is $25.53. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 1.08.

Sunrun (NASDAQ:RUN - Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The energy company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.35). Sunrun had a negative net margin of 5.86% and a negative return on equity of 1.39%. The business had revenue of $495.78 million during the quarter, compared to the consensus estimate of $401.60 million. During the same period last year, the business posted ($0.11) earnings per share. The firm's quarterly revenue was up 48.1% on a year-over-year basis. As a group, sell-side analysts forecast that Sunrun will post -1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other news, insider Jeanna Steele sold 1,458 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $22.62, for a total value of $32,979.96. Following the completion of the sale, the insider now owns 159,095 shares in the company, valued at $3,598,728.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Lynn Michelle Jurich sold 150,000 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $26.19, for a total value of $3,928,500.00. Following the completion of the sale, the insider now owns 1,467,335 shares in the company, valued at $38,429,503.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeanna Steele sold 1,458 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $22.62, for a total transaction of $32,979.96. Following the completion of the sale, the insider now owns 159,095 shares of the company's stock, valued at approximately $3,598,728.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,973 shares of company stock valued at $6,546,339. Corporate insiders own 4.29% of the company's stock.