Sunrun Inc. (NASDAQ:RUN) Receives $18.98 Average PT from Analysts

Sunrun Inc. (NASDAQ:RUN) has received a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.9805.

A number of research firms have issued reports on RUN. Jefferies Financial Group decreased their price target on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Wall Street Zen downgraded Sunrun from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Freedom Capital lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. UBS Group lowered their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $17.00 price target on shares of Sunrun in a research note on Friday, May 8th.

Sunrun Stock Performance

Shares of RUN stock opened at $14.42 on Thursday. Sunrun has a 12-month low of $6.98 and a 12-month high of $22.44. The business’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $15.66. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The company has a market cap of $3.44 billion, a PE ratio of 6.77 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s revenue was up 43.2% compared to the same quarter last year. Analysts expect that Sunrun will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.92, for a total value of $796,000.00. Following the sale, the director owned 459,091 shares in the company, valued at $7,308,728.72. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Danny Abajian sold 2,030 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $13.39, for a total transaction of $27,181.70. Following the transaction, the chief financial officer owned 438,781 shares of the company’s stock, valued at $5,875,277.59. This represents a 0.46% 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. In the last 90 days, insiders sold 694,816 shares of company stock worth $9,366,473. Corporate insiders own 3.55% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC lifted its stake in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the period. Hantz Financial Services Inc. raised its position in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after acquiring an additional 565 shares during the period. Sage Rhino Capital LLC boosted its stake in shares of Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after acquiring an additional 572 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Sunrun by 1.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Key Stories Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun announced a partnership with Tesla and Renew Home to aggregate more than 16 GW of flexible power for utilities and data centers, highlighting a new growth avenue tied to rising AI electricity demand. Article Title
• Positive Sentiment: Traders piled into call options on RUN, suggesting heavy speculation that the Tesla-linked deal could drive further upside in the stock.
• Positive Sentiment: Media coverage emphasized that the partnership could improve Sunrun’s virtual power plant economics and validate its role in supplying flexible energy to hyperscalers. Article Title

Sunrun Company Profile

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.