Sunrun (NASDAQ:RUN) Stock Upgrade
KeyBanc Capital Mkts has boosted shares of Sunrun (NASDAQ:RUN) stock to a “Overweight” in an analyst research report shared with investors and clients today. RUN’s past rating was only a “Sector Weight”.
From a total of 5 analysts covering Sunrun Inc (NASDAQ:RUN) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $23 while the lowest target price is $15. The mean of all analyst targets is $17.8 with a 37.84% above today’s ($11.97) stock price. Sunrun Inc was the topic of 6 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. KeyBanc Capital Markets initiated shares on October 21 with “” rating. RBC Capital Markets initiated shares with “Outperform” rating and $16 target share price in a report from an August 31. Goldman Sachs initiated RUN stock in a recent report from August 31 with “Buy” rating. Finally, Bank of America initiated the stock with “Buy” rating in a report issued on an August 31.
Approximately 2.06M shares of stock traded hands or 205.09% up from the average. Sunrun Inc (NASDAQ:RUN) has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.
Sunrun Inc. provides solar energy to homeowners. The company has a market cap of $1.13 billion. The Company, either directly or through one of its solar partners, installs a solar energy system on a customer’s home and either sells the system to the homeowner or, as is more often the case, sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement . It currently has negative earnings. The Company’s core solar product offerings are provided through a lease or a power purchase agreement, which are substantially similar to one another.
According to Zacks Investment Research, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California.”