Sunrun Inc (NASDAQ:RUN): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Sunrun Inc (NASDAQ:RUN) last traded at $9.23, down -2.22% from the previous session.

Data from the available sources indicates that Sunrun Inc (NASDAQ:RUN) is covered by 29 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $10.00, we find $17.00. Given the previous closing price of $9.44, this indicates a potential upside of 80.08 percent. RUN stock price is now -22.31% away from the 50-day moving average and -47.56% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.

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In total, 8 analysts have assigned it a hold rating, and 18 have given it a buy rating. Brokers who have rated the stock have averaged $20.03 as their price target over the next twelve months.

With the price target maintained at $12, Northland Capital recently Downgraded its rating from Outperform to Market Perform for Sunrun Inc (NASDAQ: RUN).

In other news, Abajian Danny, Chief Financial Officer sold 484 shares of the company’s stock on Oct 06. The stock was sold for $4,799 at an average price of $9.92. Upon completion of the transaction, the Chief Financial Officer now directly owns 211,687 shares in the company, valued at $1.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 06, Chief Revenue Officer Dickson Paul S. sold 230 shares of the business’s stock. A total of $2,277 was realized by selling the stock at an average price of $9.90. This leaves the insider owning 309,955 shares of the company worth $2.86 million. Insiders disposed of 917,511 shares of company stock worth roughly $8.47 million over the past 1 year. A total of 2.94% of the company’s stock is owned by insiders.

With an opening price of $9.31 on Monday morning, Sunrun Inc (NASDAQ: RUN) set off the trading day. During the past 12 months, Sunrun Inc has had a low of $8.43 and a high of $33.33. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 1.35, and a quick ratio of 0.89. The fifty day moving average price for RUN is $11.88 and a two-hundred day moving average price translates $17.60 for the stock.

The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for Sep, 2023. The net profit margin was -50.62% and return on equity was -19.47% for RUN. The company reported revenue of $563.18 million for the quarter, compared to $631.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.88 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.

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