In yesterday’s Wall Street session, Sunrun Inc. (NASDAQ:RUN) shares traded at $15.67, down -3.45% from the previous session.
29 analysts cover Sunrun Inc. (NASDAQ:RUN), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $12.74, we find $31.00. Given the previous closing price of $16.23, this indicates a potential upside of 91.0 percent. RUN stock price is now -18.30% away from the 50-day moving average and -39.64% away from the 200-day moving average. The market capitalization of the company currently stands at $3.44B.
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The stock has received a hold rating from 6 analysts and a buy rating from 19. Brokers who have rated the stock have averaged $36.07 as their price target over the next twelve months.
With the price target maintained at $27, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Sunrun Inc. (NASDAQ: RUN)., while ‘Morgan Stanley’ rates the stock as ‘Overweight’.
In other news, Fenster Edward Harris, Director sold 25,000 shares of the company’s stock on May 15. The stock was sold for $408,570 at an average price of $16.34. Upon completion of the transaction, the Director now directly owns 1,267,994 shares in the company, valued at $19.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 17, Director Fenster Edward Harris sold 50,000 shares of the business’s stock. A total of $998,695 was realized by selling the stock at an average price of $19.97. This leaves the insider owning 1,267,994 shares of the company worth $19.87 million. Insiders disposed of 1,405,681 shares of company stock worth roughly $22.03 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 CIBC PRIVATE WEALTH GROUP, LLC during the first quarter worth $15,709,000. WESTWOOD HOLDINGS GROUP INC invested $3,304,000 in shares of RUN during the first quarter. In the first quarter, SALIENT CAPITAL ADVISORS, LLC acquired a new stake in Sunrun Inc. valued at approximately $3,303,000. POINT72 MIDDLE EAST FZE acquired a new stake in RUN for approximately $2,468,000. SG AMERICAS SECURITIES, LLC purchased a new stake in RUN valued at around $2,162,000 in the second quarter. In total, there are 655 active investors with 92.60% ownership of the company’s stock.
During the past 12 months, Sunrun Inc. has had a low of $15.11 and a high of $39.13. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 1.80, and a quick ratio of 1.00. The fifty day moving average price for RUN is $19.01 and a two-hundred day moving average price translates $25.88 for the stock.
The latest earnings results from Sunrun Inc. (NASDAQ: RUN) was released for Mar, 2023. The net profit margin was 0.90% and return on equity was 0.30% for RUN. The company reported revenue of $589.85 million for the quarter, compared to $495.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.97 percent.
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; and sells services to commercial developers through multi-family and new homes. 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.
