Sunrun (NASDAQ:RUN) Rating Reaffirmed
Recently, In a recent research report sent to clients and investors on 21 December, Sunrun (NASDAQ:RUN) shares have had their “Overweight” Rating has reaffirmed by professional analysts at Morgan Stanley, who currently has a $28.0 Estimated Target Price on firm. This target by Morgan Stanley would indicate the possibile upside of 103.78% from the last stock price.
From a total of 6 analysts covering Sunrun Inc (NASDAQ:RUN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $17.5 with a 11.71% above today’s ($14.77) stock price. Sunrun Inc was the topic of 7 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. KeyBanc Capital Markets upgraded shares on December 17 to “Overweight” 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 868,184 shares of stock traded hands or 0.76% up from the average. Sunrun Inc (NASDAQ:RUN) has risen 6.00% since November 21, 2015 and is uptrending. It has outperformed by 11.81% the S&P500.
Sunrun Inc. provides solar energy to homeowners. The company has a market cap of $1.39 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.”