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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 research note on Wednesday, July 20th. BMO Capital Markets upped their price objective on shares of Sunrun from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Evercore ISI upped their price objective on shares of Sunrun from $64.00 to $67.00 in a research note on Thursday, August 4th. The Goldman Sachs Group upped their price objective on shares of Sunrun from $36.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. Finally, Barclays started coverage on shares of Sunrun in a research note on Friday, August 5th. They issued an "overweight" rating and a $46.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.87.

Sunrun Stock Up 1.6 %

Shares of NASDAQ:RUN opened at $36.12 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. Sunrun has a 12 month low of $16.80 and a 12 month high of $60.60. The firm has a market capitalization of $7.66 billion, a PE ratio of -64.50 and a beta of 2.29. The firm has a fifty day simple moving average of $26.61 and a two-hundred day simple moving average of $25.84.

Insider Transactions at Sunrun

In other news, insider Lynn Michelle Jurich sold 75,000 shares of the company's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $34.63, for a total value of $2,597,250.00. Following the sale, the insider now directly owns 1,459,226 shares of the company's stock, valued at approximately $50,532,996.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Lynn Michelle Jurich sold 75,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $34.63, for a total transaction of $2,597,250.00. Following the sale, the insider now directly owns 1,459,226 shares of the company's stock, valued at approximately $50,532,996.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Harris Fenster sold 25,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the insider now directly owns 1,585,134 shares in the company, valued at $39,628,350. The disclosure for this sale can be found here. Insiders have sold 428,973 shares of company stock valued at $12,844,589 in the last three months. 4.29% of the stock is currently owned by company insiders.