Goldman Sachs Boosts Sunrun (RUN) Price Target to $12.00

Sunrun (NASDAQ:RUN) had its price objective lifted by Goldman Sachs from $10.00 to $12.00 in a report issued on Friday. The brokerage currently has a buy rating on the energy company’s stock.

RUN has been the subject of several other research reports. Zacks Investment Research raised shares of Sunrun from a hold rating to a strong-buy rating and set a $6.75 price target for the company in a research report on Saturday, January 20th. BidaskClub raised shares of Sunrun from a sell rating to a hold rating in a research report on Saturday, February 17th. Roth Capital started coverage on shares of Sunrun in a research report on Thursday, March 1st. They set a buy rating and a $10.00 price target for the company. ValuEngine cut shares of Sunrun from a strong-buy rating to a buy rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group started coverage on shares of Sunrun in a research report on Monday, February 12th. They set an outperform rating and a $15.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Sunrun has an average rating of Buy and a consensus target price of $9.75.

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Shares of RUN opened at $8.52 on Friday. The firm has a market cap of $914.16, a price-to-earnings ratio of 9.91, a PEG ratio of 0.46 and a beta of -1.02. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01. Sunrun has a twelve month low of $4.21 and a twelve month high of $10.16.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.12). The firm had revenue of $146.44 million for the quarter, compared to analysts’ expectations of $133.62 million. Sunrun had a net margin of 23.51% and a return on equity of 8.54%. equities research analysts forecast that Sunrun will post 1.56 EPS for the current fiscal year.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $8.92, for a total value of $325,776.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.13% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Sunrun by 0.6% in the 4th quarter. BlackRock Inc. now owns 6,018,588 shares of the energy company’s stock worth $35,510,000 after purchasing an additional 34,454 shares during the period. DnB Asset Management AS lifted its position in shares of Sunrun by 4.1% in the 4th quarter. DnB Asset Management AS now owns 5,357,471 shares of the energy company’s stock worth $31,609,000 after purchasing an additional 212,607 shares during the period. Guggenheim Capital LLC lifted its position in shares of Sunrun by 31.2% in the 4th quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after purchasing an additional 632,070 shares during the period. Millennium Management LLC lifted its position in shares of Sunrun by 35.9% in the 4th quarter. Millennium Management LLC now owns 2,008,395 shares of the energy company’s stock worth $11,850,000 after purchasing an additional 531,030 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Sunrun by 103.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,364,180 shares of the energy company’s stock worth $8,049,000 after purchasing an additional 694,402 shares during the period. 80.89% of the stock is owned by hedge funds and other institutional investors.

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Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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