Sunrun Inc (NASDAQ:RUN) has earned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.08.

RUN has been the subject of a number of research analyst reports. Zacks Investment Research raised Sunrun from a “hold” rating to a “strong-buy” rating and set a $6.75 target price for the company in a research report on Saturday, January 20th. BidaskClub cut Sunrun from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank set a $10.00 target price on Sunrun and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Bank of America initiated coverage on Sunrun in a research report on Monday, November 6th. They issued a “buy” rating for the company.

Shares of Sunrun (RUN) traded up $0.63 during midday trading on Friday, hitting $6.00. The company had a trading volume of 2,666,900 shares, compared to its average volume of 1,237,890. The firm has a market cap of $576.18, a PE ratio of 6.90, a PEG ratio of 0.14 and a beta of -0.48. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. Sunrun has a 1 year low of $4.21 and a 1 year high of $7.78.

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Sunrun by 16,313.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,633 shares of the energy company’s stock worth $1,016,000 after buying an additional 141,764 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Sunrun by 20.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,620 shares of the energy company’s stock worth $1,963,000 after buying an additional 47,082 shares in the last quarter. Northern Trust Corp raised its stake in shares of Sunrun by 31.0% during the 2nd quarter. Northern Trust Corp now owns 872,704 shares of the energy company’s stock worth $6,214,000 after buying an additional 206,421 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Sunrun by 21.0% during the 2nd quarter. California State Teachers Retirement System now owns 150,626 shares of the energy company’s stock worth $1,072,000 after buying an additional 26,100 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Sunrun by 20.5% during the 2nd quarter. Swiss National Bank now owns 112,350 shares of the energy company’s stock worth $800,000 after buying an additional 19,100 shares in the last quarter. 78.67% of the stock is owned by institutional investors.

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Sunrun Company Profile

Sunrun Inc 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. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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