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 Ratings Changes

A number of equities research analysts have recently weighed in on RUN shares. Roth Capital dropped their target price on Sunrun from $42.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. Evercore ISI lifted their target price on Sunrun from $64.00 to $67.00 in a report on Thursday, August 4th. Wells Fargo & Company started coverage on Sunrun in a report on Wednesday, June 29th. They set an "equal weight" rating and a $27.00 target price for the company. BMO Capital Markets lifted their target price on Sunrun from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Finally, Barclays started coverage on Sunrun in a report on Friday, August 5th. They set an "overweight" rating and a $46.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.47.

Sunrun Price Performance

Sunrun stock traded up $1.42 during midday trading on Thursday, reaching $35.27. The company's stock had a trading volume of 207,591 shares, compared to its average volume of 10,759,107. Sunrun has a 52 week low of $16.80 and a 52 week high of $60.60. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $27.03 and a 200-day moving average price of $26.06. The stock has a market cap of $7.48 billion, a PE ratio of -63.41 and a beta of 2.29.

Insider Activity

In related news, insider Lynn Michelle Jurich sold 150,000 shares of the company's stock in a transaction on Friday, June 10th. The stock was sold at an average price of $26.19, for a total transaction 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 Securities & Exchange Commission, which is available at this link. In other news, insider Jeanna Steele sold 1,458 shares of the company's stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $22.62, for a total transaction of $32,979.96. Following the transaction, the insider now owns 159,095 shares of the company's stock, valued at approximately $3,598,728.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lynn Michelle Jurich sold 150,000 shares of the stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $26.19, for a total value of $3,928,500.00. Following the sale, the insider now directly owns 1,467,335 shares in the company, valued at approximately $38,429,503.65. The disclosure for this sale can be found here. Insiders sold a total of 428,973 shares of company stock worth $12,844,589 over the last quarter. 4.29% of the stock is currently owned by corporate insiders.