Credit Suisse Group assumed coverage on shares of Sunrun (NASDAQ:RUN) in a research note released on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $15.00 price target on the energy company’s stock.

A number of other research firms also recently weighed in on RUN. Zacks Investment Research upgraded Sunrun from a hold rating to a buy rating and set a $6.75 target price on the stock in a report on Thursday, January 4th. Oppenheimer reiterated a buy rating and set a $10.00 target price on shares of Sunrun in a report on Thursday, November 9th. Bank of America began coverage on Sunrun in a report on Monday, November 6th. They set a buy rating on the stock. ValuEngine downgraded Sunrun from a strong-buy rating to a buy rating in a report on Friday, February 2nd. Finally, Deutsche Bank set a $10.00 target price on Sunrun and gave the stock a buy rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $8.96.

Sunrun (NASDAQ:RUN) opened at $6.00 on Monday. Sunrun has a twelve month low of $4.21 and a twelve month high of $7.78. The stock has a market capitalization of $640.72 and a PE ratio of 6.82. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Sunrun by 0.6% during the 4th quarter. BlackRock Inc. now owns 6,018,588 shares of the energy company’s stock worth $35,510,000 after acquiring an additional 34,454 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sunrun by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock worth $41,677,000 after acquiring an additional 369,721 shares during the period. DnB Asset Management AS grew its holdings in shares of Sunrun by 4.1% during the 4th quarter. DnB Asset Management AS now owns 5,357,471 shares of the energy company’s stock worth $31,609,000 after acquiring an additional 212,607 shares during the period. State Street Corp boosted its position in shares of Sunrun by 22.7% in the 2nd quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock worth $11,596,000 after purchasing an additional 300,923 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its position in shares of Sunrun by 136.7% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after purchasing an additional 796,912 shares in the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

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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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