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.

Open

12.05

Mkt cap

2.6B

Volume

13M

High

12.28

P/E Ratio

-2.63

52-wk high

22.26

Low

11.59

Div yield

N/A

52-wk low

8.82

Goldman Sachs has reaffirmed its Buy rating on Sunrun (NASDAQ:RUN) and increased its price target from $17.00 to $20.00. Despite this, Sunrun's shares have fallen 2.42% to $18.18 in the last 24 hours. The new price target suggests a potential upside of 10.01% from the current price. Sunrun specializes in residential solar energy systems in the U.S., offering design, installation, and maintenance services.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 5:00 pm

Goldman Sachs analyst Brian Lee has reaffirmed a Buy rating on Sunrun (NASDAQ:RUN) and increased the price target from $17 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:02 pm

Jefferies analyst Dushyant Ailani has initiated coverage on Sunrun (NASDAQ:RUN) with a Buy rating and set a price target of $25 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 10:03 am

Sunrun Inc (NASDAQ:RUN) stock surged 20.39% to $18.01 amid broader industrial sector gains following the Federal Reserve's decision to leave rates unchanged. The Fed's stance suggests rate cuts in 2024-2026, which benefits Sunrun as it relies on external financing for solar installations. Lower interest rates reduce financing costs and can improve profitability. Additionally, clean energy stocks like Sunrun may be positively influenced by commitments to move away from fossil fuels made at the COP28 climate summit.

Portfolio Pulse from Henry Khederian

December 14, 2023 | 7:52 pm

During Thursday's intraday session, several industrial stocks experienced significant movements. Freight Technologies (FRGT) saw a 196.8% increase, while Sunworks (SUNW) rose 68.33%. TPI Composites (TPIC) and iSun (ISUN) also saw substantial gains. Grupo Aeroportuario (ASR) and Sunrun (RUN) shares moved upwards notably. Conversely, Eastern Co (EML), ABM Indus (ABM), Shengfeng Development (SFWL), AerSale (ASLE), ATIF Holdings (ATIF), and Recruiter.Com Group (RCRT) experienced declines, with ABM's drop following their Q4 earnings release.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:32 pm

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

Sunrun (NASDAQ:RUN) has received 20 analyst ratings in the last quarter, with 5 bullish, 9 somewhat bullish, and 6 indifferent. The average 12-month price target for Sunrun is $21.15, with a high of $36.00 and a low of $12.00. This average has decreased by 29.22% from the previous average price target of $29.88. Analyst ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:01 pm

Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Sunrun (NASDAQ:RUN) but reduced the price target from $26 to $24.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:32 pm

Sunrun (NASDAQ:RUN) has received various analyst ratings over the last quarter, with 6 bullish, 8 somewhat bullish, and 6 indifferent ratings. The average 12-month price target among 20 analysts is $21.0, with a high of $36.00 and a low of $12.00. This target has decreased by 29.55% from the previous average of $29.81. Analysts rate stocks based on financial statements, meetings, and insider information, but their ratings are opinions and should be considered as such.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.