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 Up 3.4 %

Sunrun stock opened at $35.01 on Friday. The business has a 50-day simple moving average of $27.19 and a two-hundred day simple moving average of $26.13. The company has a market cap of $7.43 billion, a P/E ratio of -62.52 and a beta of 2.29. Sunrun has a 52-week low of $16.80 and a 52-week high of $60.60. 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

RUN has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Sunrun from $64.00 to $67.00 in a report on Thursday, August 4th. Piper Sandler lifted their price target on Sunrun from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. Barclays began coverage on Sunrun in a research report on Friday, August 5th. They issued an "overweight" rating and a $46.00 price target for the company. Roth Capital lowered their price target on Sunrun from $42.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, July 20th. Finally, BMO Capital Markets lifted their price target on Sunrun from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.47.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Lynn Michelle Jurich sold 150,000 shares of the business's stock in a transaction dated 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 directly owns 1,467,335 shares in the company, valued at approximately $38,429,503.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Lynn Michelle Jurich sold 150,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 1,467,335 shares in the company, valued at approximately $38,429,503.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 1,458 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $22.62, for a total value of $32,979.96. Following the transaction, the insider now owns 159,095 shares of the company's stock, valued at $3,598,728.90. The disclosure for this sale can be found here. Insiders sold a total of 453,973 shares of company stock worth $13,729,089 in the last three months. 4.29% of the stock is currently owned by company insiders.