Sunrun Inc. (NASDAQ:RUN) was upgraded by equities researchers at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday. The firm presently has a $7.00 price target on the stock. Barclays PLC’s price objective suggests a potential upside of 32.58% from the stock’s previous close.

RUN has been the subject of a number of other reports. Goldman Sachs Group Inc. reissued a “buy” rating and set a $10.00 target price on shares of Sunrun in a research note on Wednesday, October 26th. Credit Suisse Group AG reissued a “buy” rating and set a $18.00 target price on shares of Sunrun in a research note on Friday, August 12th. Bank of America Corp. lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. Morgan Stanley reissued an “overweight” rating and set a $8.00 target price (down from $19.00) on shares of Sunrun in a research note on Wednesday, August 3rd. Finally, JMP Securities lowered shares of Sunrun from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $11.23.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN) opened at 5.28 on Tuesday. Sunrun has a one year low of $4.15 and a one year high of $14.95. The firm has a 50-day moving average of $5.60 and a 200-day moving average of $5.76. The stock has a market capitalization of $548.15 million, a PE ratio of 11.50 and a beta of -0.89.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, November 10th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.28. The company earned $112 million during the quarter. Sunrun had a net margin of 11.00% and a return on equity of 6.42%. Sunrun’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities research analysts forecast that Sunrun will post $0.60 earnings per share for the current year.

In related news, major shareholder Foundation Capital Vi Principa sold 42,306 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $5.82, for a total transaction of $246,220.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.19% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC purchased a new stake in Sunrun during the third quarter worth about $654,000. Ontario Teachers Pension Plan Board purchased a new stake in Sunrun during the third quarter worth about $277,000. The Manufacturers Life Insurance Company purchased a new stake in Sunrun during the third quarter worth about $293,000. Quentec Asset Management LLC raised its stake in Sunrun by 11.3% in the third quarter. Quentec Asset Management LLC now owns 3,452,641 shares of the company’s stock worth $21,751,000 after buying an additional 350,872 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Sunrun by 16.7% in the third quarter. Northern Trust Corp now owns 649,165 shares of the company’s stock worth $4,090,000 after buying an additional 92,958 shares in the last quarter. Institutional investors and hedge funds own 66.53% of the company’s stock.

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Sunrun Company Profile

Sunrun Inc (Sunrun) is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia.

5 Day Chart for NASDAQ:RUN

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