The stock of Sunrun Inc (NASDAQ:RUN) last traded at $14.42, up 0.56% from the previous session.
Data from the available sources indicates that Sunrun Inc (NASDAQ:RUN) is covered by 31 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 $14.34, this indicates a potential upside of 18.55 percent. RUN stock price is now 30.21% away from the 50-day moving average and -13.36% away from the 200-day moving average. The market capitalization of the company currently stands at $3.14B.
In total, 8 analysts have assigned it a hold rating, and 19 have given it a buy rating. Brokers who have rated the stock have averaged $20.14 as their price target over the next twelve months.
With the price target of $23, Mizuho recently initiated with Buy rating for Sunrun Inc (NASDAQ: RUN).
In other news, Powell Mary, Chief Executive Officer sold 1,742 shares of the company’s stock on Nov 30. The stock was sold for $22,768 at an average price of $13.07. Upon completion of the transaction, the Chief Executive Officer now directly owns 406,164 shares in the company, valued at $5.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 06, Chief Financial Officer Abajian Danny sold 484 shares of the business’s stock. A total of $4,799 was realized by selling the stock at an average price of $9.92. This leaves the insider owning 211,687 shares of the company worth $3.05 million. Insiders disposed of 918,056 shares of company stock worth roughly $13.24 million over the past 1 year. A total of 2.83% of the company’s stock is owned by insiders.
With an opening price of $14.30 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 $11.07 and a two-hundred day moving average price translates $16.64 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for Sep, 2023. According to the Solar Company, earnings per share came in at -$4.92, missing analysts’ expectations of -$0.2 by -4.72. This compares to $0.96 EPS in the same period last year. 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. For the current quarter, analysts expect RUN to generate $549.18M 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; 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.
