The stock of Sunrun Inc (NASDAQ:RUN) is a huge mover today! About 1.19M shares traded hands. Sunrun Inc (NASDAQ:RUN) has declined 30.12% since April 11, 2016 and is downtrending. It has underperformed by 36.26% the S&P500.
The move comes after 6 months positive chart setup for the $531.08 million company. It was reported on Nov, 11 by Barchart.com. We have $8.65 PT which if reached, will make NASDAQ:RUN worth $345.20M more.
Sunrun Inc (NASDAQ:RUN) Ratings Coverage
Out of 9 analysts covering Sunrun Inc (NASDAQ:RUN), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $35 is the highest target while $7 is the lowest. The $14.17 average target is 170.42% above today’s ($5.24) stock price. Sunrun Inc has been the topic of 21 analyst reports since August 31, 2015 according to StockzIntelligence Inc. On Tuesday, January 5 the stock rating was downgraded by Goldman Sachs to “Neutral”. The rating was maintained by Credit Suisse on Friday, March 11 with “Outperform”. The firm has “” rating given on Wednesday, October 21 by KeyBanc Capital Markets. The rating was initiated by Barclays Capital on Friday, January 22 with “Overweight”. Goldman Sachs initiated Sunrun Inc (NASDAQ:RUN) rating on Monday, August 31. Goldman Sachs has “Buy” rating and $17 price target. The firm earned “Overweight” rating on Monday, December 21 by Morgan Stanley. The stock of Sunrun Inc (NASDAQ:RUN) earned “Buy” rating by Bank of America on Monday, August 31. The rating was initiated by RBC Capital Markets on Monday, August 31 with “Outperform”. The rating was initiated by Credit Suisse with “Outperform” on Monday, August 31. The stock of Sunrun Inc (NASDAQ:RUN) earned “Outperform” rating by Oppenheimer on Tuesday, June 21.
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.”
More recent Sunrun Inc (NASDAQ:RUN) news were published by: Fool.com which released: “Why Sunrun Inc.’s Shares Plunged 17% in October” on November 08, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: SUNRUN INC, 50.0% Follow-Through Indicator, 9.4 …” on November 10, 2016. Latimes.com‘s news article titled: “Sunrun partners with LG to provide residential electricity storage” with publication date: October 26, 2016 was also an interesting one.
RUN Company Profile
Sunrun Inc. (Sunrun), incorporated on June 20, 2008, is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Firm is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 clients across 15 states, as well as the District of Columbia. With its solar service offerings, the Company installs solar energy systems on its customers’ homes and provide them the solar power produced by those systems for a 20-year initial term. In addition, the Company monitors, maintains and insures the system during the term of the contract.
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