Citigroup Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price cut by research analysts at Citigroup from $14.00 to $13.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Citigroup‘s target price indicates a potential upside of 30.26% from the company’s previous close.

RUN has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Sunrun from $15.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Susquehanna lowered their target price on shares of Sunrun from $15.00 to $13.00 and set a “positive” rating on the stock in a report on Wednesday, October 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Sunrun in a research report on Thursday. JPMorgan Chase & Co. cut their price target on Sunrun from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, Glj Research reiterated a “sell” rating and set a $4.63 price target on shares of Sunrun in a research note on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Sunrun has an average rating of “Hold” and a consensus target price of $14.04.

Sunrun Stock Up 1.1%

NASDAQ RUN traded up $0.11 during mid-day trading on Thursday, hitting $9.98. The company’s stock had a trading volume of 16,562,936 shares, compared to its average volume of 8,766,766. The company’s 50 day simple moving average is $8.13 and its 200 day simple moving average is $12.26. Sunrun has a twelve month low of $6.78 and a twelve month high of $21.95. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 5.04 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, November 4th. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $757.53 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue was up 51.7% on a year-over-year basis. Analysts anticipate that Sunrun will post 1.46 earnings per share for the current year.

Insiders Place Their Bets

In other Sunrun news, CRO Paul Dickson sold 15,837 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total transaction of $122,895.12. Following the transaction, the executive directly owned 823,702 shares in the company, valued at approximately $6,391,927.52. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 10,042 shares of Sunrun stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total transaction of $77,925.92. Following the transaction, the insider directly owned 451,673 shares in the company, valued at $3,504,982.48. This represents a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 71,975 shares of company stock worth $563,721 in the last three months. 3.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RUN. Amundi increased its stake in Sunrun by 56.3% in the 1st quarter. Amundi now owns 3,300,626 shares of the energy company’s stock valued at $44,798,000 after buying an additional 1,188,564 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Sunrun during the 2nd quarter worth approximately $18,120,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sunrun during the 2nd quarter worth approximately $4,210,000. EP Wealth Advisors LLC bought a new position in shares of Sunrun during the 2nd quarter worth approximately $1,960,000. Finally, Bank of America Corp DE purchased a new position in shares of Sunrun in the 2nd quarter worth approximately $29,953,000. 91.69% of the stock is owned by institutional investors.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported Q3 adjusted EPS of $0.56, ahead of analyst estimates, and revenue of $1.10 billion versus expectations of about $758 million. Revenue grew 51.7% year over year, providing a strong catalyst for the shares. Q3 earnings roundup
• Positive Sentiment: Management expects roughly $200 million in cash generation for 2026 and described its cash-flow outlook as meaningfully positive. Sunrun also reached 5 GWh of storage capacity and aims to double capacity by the end of 2028, supporting its growth opportunity in batteries and grid services. Cash-generation and storage plans
• Neutral Sentiment: Several analysts lowered their price targets but kept positive ratings: RBC cut its target to $10 while maintaining “outperform”; JPMorgan lowered its target to $11 with “overweight,” and Citi reduced its target to $13 with “buy.” The cuts temper optimism, though the firms remain constructive. RBC analyst recommendation
• Negative Sentiment: Q3 solar installations fell 15% year over year, and coverage of the results noted that Sunrun guided toward the low end of its outlook. These operating and guidance concerns could limit the earnings-driven upside. Installations and storage milestone

About Sunrun

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.