Sunrun Inc. (NASDAQ:RUN) Price Target Increased to $8.00 by Analysts at Barclays PLC
Sunrun Inc. (NASDAQ:RUN) had its price objective hoisted by research analysts at Barclays PLC from $6.00 to $8.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the energy company’s stock. Barclays PLC’s price objective would indicate a potential upside of 13.64% from the stock’s previous close.
Several other analysts also recently commented on RUN. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus price target of $9.62.
Shares of Sunrun (RUN) traded down 4.99% on Tuesday, reaching $7.05. 2,944,477 shares of the company were exchanged. The company’s 50-day moving average price is $6.86 and its 200 day moving average price is $5.71. The company has a market cap of $743.38 million, a price-to-earnings ratio of 8.22 and a beta of -0.69. Sunrun has a 12 month low of $4.15 and a 12 month high of $7.64.
Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $137.85 million during the quarter, compared to the consensus estimate of $143.35 million. Sunrun had a net margin of 19.88% and a return on equity of 10.42%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts expect that Sunrun will post $1.05 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Sunrun by 16.3% in the second quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock valued at $141,000 after buying an additional 2,768 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in Sunrun during the first quarter valued at about $163,000. Tudor Investment Corp ET AL increased its stake in Sunrun by 144.8% in the first quarter. Tudor Investment Corp ET AL now owns 32,800 shares of the energy company’s stock valued at $177,000 after buying an additional 19,400 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Sunrun during the second quarter valued at about $262,000. Finally, American International Group Inc. increased its stake in Sunrun by 7.1% in the first quarter. American International Group Inc. now owns 38,950 shares of the energy company’s stock valued at $210,000 after buying an additional 2,579 shares during the last quarter. 71.63% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Sunrun Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun Inc. and related companies with MarketBeat.com's FREE daily email newsletter.