TD Cowen Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price lowered by equities research analysts at TD Cowen from $21.00 to $16.00 in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective would indicate a potential upside of 56.86% from the stock’s previous close.

RUN has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. Citigroup dropped their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings cut Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Glj Research reissued a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a report on Friday, July 10th. Finally, Susquehanna lowered their target price on shares of Sunrun from $19.00 to $18.00 and set a “positive” rating on the stock in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.04.

Sunrun Trading Up 8.7%

Shares of Sunrun stock opened at $10.20 on Thursday. The company has a fifty day simple moving average of $12.27 and a 200-day simple moving average of $14.12. Sunrun has a 12-month low of $8.61 and a 12-month high of $22.44. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 3.34. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 6.89 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same period last year, the business earned $1.07 EPS. Sunrun’s revenue for the quarter was up 52.8% compared to the same quarter last year. On average, equities analysts forecast that Sunrun will post 0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 9,897 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $130,541.43. Following the completion of the sale, the insider owned 461,715 shares in the company, valued at $6,090,020.85. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.18, for a total transaction of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares in the company, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 223,045 shares of company stock valued at $2,934,835. 3.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in RUN. Salomon & Ludwin LLC grew its position in shares of Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after acquiring an additional 565 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in shares of Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after purchasing an additional 572 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Sunrun by 62.9% in the 4th quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock valued at $32,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Solar stocks rallied after the Trump administration extended import restrictions to certain China-made polysilicon products. The move could support domestic solar manufacturing and reduce competitive pressure from Chinese suppliers, although it may also affect equipment costs. Solar stocks shine after Trump extends China tariffs to polysilicon products
• Positive Sentiment: Sunrun’s second-quarter results exceeded expectations: earnings were $0.42 per share versus the $0.08 Zacks consensus estimate, while revenue reached approximately $870 million, above the roughly $747 million estimate and up 52.8% year over year. Sunrun Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management expects to exit 2026 with more than 10% growth and is targeting over 10 gigawatt-hours of capacity by the end of 2028, offering investors a longer-term growth narrative. Sunrun expects to exit 2026 with over 10 percent growth
• Neutral Sentiment: Susquehanna cut its price target from $18 to $15 but maintained a positive rating. The revised target still implies substantial upside from recent trading levels. Susquehanna price target update
• Negative Sentiment: The earnings beat was overshadowed by lower full-year guidance, prompting concerns about demand and near-term execution. Sunrun is also shifting toward direct sales origination as affiliate-installer activity weakens. Sunrun pivots to direct sales origination
• Negative Sentiment: Goldman Sachs lowered its target from $18 to $15, and TD Cowen reduced its target from $21 to $16, though both firms retained buy ratings. The cuts signal more cautious expectations following the guidance reduction. Sunrun shares fall as guidance cut offsets Q2 earnings beat

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.