Sunrun (NASDAQ:RUN – Free Report) had its price target reduced by TD Cowen from $23.00 to $21.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the energy company’s stock.
Several other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sunrun from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Barclays decreased their price target on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Mizuho decreased their price target on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings raised shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.43.
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Sunrun Price Performance
Sunrun (NASDAQ:RUN – Get Free Report) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.28% and a net margin of 17.88%.The business’s revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. As a group, analysts forecast that Sunrun will post 0.47 EPS for the current year.
Insider Activity
In other Sunrun news, insider Jeanna Steele sold 76,478 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,013,333.50. Following the completion of the transaction, the insider directly owned 384,538 shares of the company’s stock, valued at $5,095,128.50. The trade was a 16.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 127,673 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the transaction, the executive directly owned 707,126 shares of the company’s stock, valued at $9,369,419.50. The trade was a 15.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 879,894 shares of company stock worth $12,732,496 over the last three months. Insiders own 3.55% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of RUN. Dimensional Fund Advisors LP grew its stake in shares of Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after purchasing an additional 165,196 shares in the last quarter. Swiss National Bank raised its stake in shares of Sunrun by 0.9% during the first quarter. Swiss National Bank now owns 459,000 shares of the energy company’s stock valued at $6,224,000 after purchasing an additional 4,100 shares in the last quarter. Jennison Associates LLC acquired a new stake in Sunrun in the first quarter worth about $691,000. AMG National Trust Bank acquired a new stake in Sunrun in the first quarter worth about $851,000. Finally, Bleakley Financial Group LLC lifted its holdings in Sunrun by 25.4% in the first quarter. Bleakley Financial Group LLC now owns 32,362 shares of the energy company’s stock worth $439,000 after purchasing an additional 6,555 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.
More Sunrun News
Here are the key news stories impacting Sunrun this week:
- Positive Sentiment: Q1 beat on EPS and revenue, signaling improving profitability: Sunrun reported $0.62 GAAP EPS vs. consensus of a loss and revenue of $722.2M (up 43% YoY), with positive contracted net value creation and strong margins — evidence the business is scaling profitably. Earnings Call Summary
- Positive Sentiment: Storage attachment rate hit a record 73% in Q1 and management is pivoting to storage and grid services — a higher?margin, recurring revenue driver that supports long?term value per customer. PV Magazine
- Positive Sentiment: Company reiterated 2026 cash generation guidance of $250M–$450M despite a Q1 timing shortfall — management kept full?year targets intact, which reassures investors on the outlook. MSN
- Positive Sentiment: Balance sheet moves: Sunrun paid down $92M of recourse debt in Q1, showing active deleveraging even while investing in growth. Press Release
- Positive Sentiment: Analyst / market interest: unusal call buying (31,584 calls, +83% vs. normal) and an upgrade from Zacks to “strong?buy” point to heightened bullish sentiment and derivative?driven upside. Benzinga/Ticker
- Neutral Sentiment: TD Cowen trimmed its price target from $23 to $21 but kept a “buy” rating — still implying substantial upside vs. current levels, though the lower target signals more conservative near?term expectations. Benzinga
- Positive Sentiment: Operational focus on higher?quality customers: management said they intentionally reduced customer additions (~25% fewer) to improve unit economics, which helped margins despite lower volume — investors often reward higher quality growth. Yahoo Finance
- Positive Sentiment: Hiring and direct?sales ramp: Sunrun is expanding its direct sales force (hiring ~1,000 employees) to accelerate deployments and capture higher?value customers. Biz Journals
- Negative Sentiment: Near?term cash timing headwinds: Q1 showed negative cash generation (-$59M) and net change in cash of -$148M due to project?finance timing and safe?harbor investments — a reminder of working?capital and financing sensitivity. GlobeNewswire
About Sunrun
Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
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