Sunrun Inc. (NASDAQ:RUN) shares traded -4.76% lower at $30.39 on Wall Street last session.
In accordance with the data, 26 analysts cover Sunrun Inc. (NASDAQ:RUN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $28.00, we find $42.00. Given the previous closing price of $31.91, this indicates a potential upside of 31.62 percent. RUN stock price is now 9.90% away from the 50-day moving average and 12.36% away from the 200-day moving average. The market capitalization of the company currently stands at $6.80B.
It has been rated a hold by 6 analysts and a buy by 17. Brokers who have rated the stock have averaged $47.07 as their price target over the next twelve months.
With the price target of $36, Deutsche Bank recently initiated with Buy rating for Sunrun Inc. (NASDAQ: RUN)., while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, Jurich Lynn Michelle, Director sold 75,000 shares of the company’s stock on Nov 10. The stock was sold for $1,962,495 at an average price of $26.17. Upon completion of the transaction, the Director now directly owns 1,449,459 shares in the company, valued at $44.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 10, Director Jurich Lynn Michelle sold 75,000 shares of the business’s stock. A total of $1,868,138 was realized by selling the stock at an average price of $24.91. This leaves the insider owning 1,449,459 shares of the company worth $44.05 million. Insiders disposed of 767,408 shares of company stock worth roughly $23.32 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RUN stock. A new stake in Sunrun Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $19,022,000. AROSA CAPITAL MANAGEMENT LP invested $14,283,000 in shares of RUN during the first quarter. In the first quarter, LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD acquired a new stake in Sunrun Inc. valued at approximately $10,820,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in RUN for approximately $10,758,000. CANDRIAM S.C.A. purchased a new stake in RUN valued at around $8,824,000 in the second quarter. In total, there are 641 active investors with 92.70% ownership of the company’s stock.
Sunrun Inc. (NASDAQ: RUN) opened at $32.52 on Friday. During the past 12 months, Sunrun Inc. has had a low of $16.80 and a high of $56.96. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 1.70, and a quick ratio of 1.20. The fifty day moving average price for RUN is $27.49 and a two-hundred day moving average price translates $27.08 for the stock.
The latest earnings results from Sunrun Inc. (NASDAQ: RUN) was released for Jun, 2022. According to the Solar Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.13 by 0.07. This compares to $0.11 EPS in the same period last year. The net profit margin was 3.30% and return on equity was 1.10% for RUN. The company reported revenue of $631.91 million for the quarter, compared to $438.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.02 percent. For the current quarter, analysts expect RUN to generate $565.06M in revenue.
Sunrun Inc.(RUN) Company Profile
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.