Streetbeat News

RUN

Sunrun Inc.

https://www.sunrun.com

Industry

Solar

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. 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.

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Sunrun's short interest has decreased by 5.95%, with 53.12 million shares sold short, representing 28.59% of its float. This is higher than its peers' average short interest of 10.19%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:15 pm

Analysts have varied opinions on Sunrun (NASDAQ:RUN), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased by 16.07% to $22.9. Sunrun faces challenges with a revenue decline but shows strong profitability and asset utilization. However, its high debt-to-equity ratio raises concerns.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 1:00 pm

Morgan Stanley analyst Stephen Byrd maintains an Overweight rating on Sunrun (NASDAQ:RUN) and raises the price target from $31 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:39 am

Over the past three months, 14 analysts have evaluated Sunrun (NASDAQ:RUN), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $22.04, reflecting a 16.43% rise from the previous average. Analysts from firms like Deutsche Bank, Goldman Sachs, and JP Morgan have raised their price targets, indicating a positive outlook. Despite revenue challenges, Sunrun's net margin, ROE, and ROA surpass industry standards, although the company faces high debt levels.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:04 pm

Deutsche Bank analyst Corinne Blanchard maintains a Hold rating on Sunrun (NASDAQ:RUN) and raises the price target from $12 to $16.5.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:17 pm

Goldman Sachs analyst Brian Lee maintains a Buy rating on Sunrun (NASDAQ:RUN) and raises the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:29 pm

JP Morgan analyst Mark Strouse maintains an Overweight rating on Sunrun (NASDAQ:RUN) and raises the price target from $19 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:48 pm

Sunrun Inc. (NASDAQ:RUN) reported better-than-expected Q2 results and announced a partnership with Tesla to support Texas’s power grid. The company reported Q2 revenue of $523.866 million, beating estimates of $515.167 million, and earnings of 55 cents per share, beating estimates for a loss of 31 cents per share. Sunrun shares rose 17% to $19.30. Several analysts revised their price targets for Sunrun following the earnings announcement.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 4:07 pm

UBS analyst Jon Windham maintains a Neutral rating on Sunrun (NASDAQ:RUN) and raises the price target from $14 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:57 pm

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 400 points. Shopify led the charge with a 24.6% increase after reporting better-than-expected Q2 earnings. Other notable gainers included PetIQ, Upstart Holdings, Latham Group, Lumen Technologies, Veracyte, Rayonier Advanced Materials, Angi, Inspire Medical Systems, Fortinet, Axon Enterprise, Aspen Technology, Sunrun, Dynatrace, Champion Homes, V.F. Corporation, Rapid7, Illumina, Global Payments, MongoDB, and Snowflake.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 3:05 pm

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