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.

Sunrun Trading Down 0.2 %

Shares of RUN traded down $0.07 during midday trading on Tuesday, reaching $34.07. The company had a trading volume of 9,346,880 shares, compared to its average volume of 7,671,832. Sunrun has a 1-year low of $16.80 and a 1-year high of $60.60. The stock has a market cap of $7.23 billion, a PE ratio of -60.84 and a beta of 2.29. The firm has a 50 day simple moving average of $25.85 and a 200-day simple moving average of $25.56. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 1.08.

Analyst Ratings Changes

Several research firms have commented on RUN. The Goldman Sachs Group upped their price objective on Sunrun from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, August 4th. Roth Capital reduced their target price on Sunrun from $42.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, July 20th. Barclays started coverage on Sunrun in a research note on Friday. They set an "overweight" rating and a $46.00 target price for the company. Wells Fargo & Company started coverage on Sunrun in a research note on Wednesday, June 29th. They set an "equal weight" rating and a $27.00 target price for the company. Finally, Morgan Stanley reduced their target price on Sunrun from $89.00 to $70.00 and set an "overweight" rating for the company in a research note on Monday, June 13th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.87.

Insider Transactions at Sunrun

In other news, insider Lynn Michelle Jurich sold 75,000 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $25.33, for a total transaction of $1,899,750.00. Following the completion of the transaction, the insider now directly owns 1,459,226 shares in the company, valued at approximately $36,962,194.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Lynn Michelle Jurich sold 75,000 shares of the firm's stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $25.33, for a total transaction of $1,899,750.00. Following the completion of the transaction, the insider now directly owns 1,459,226 shares in the company, valued at approximately $36,962,194.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Harris Fenster sold 25,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the insider now owns 1,585,134 shares of the company's stock, valued at $39,628,350. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,973 shares of company stock worth $6,546,339. 4.29% of the stock is currently owned by company insiders.