Sunrun (RUN) Given a $10.00 Price Target by Deutsche Bank Analysts

Sunrun (NASDAQ:RUN) received a $10.00 target price from analysts at Deutsche Bank in a research note issued on Monday. The firm presently has a “buy” rating on the energy company’s stock. Deutsche Bank’s price target would suggest a potential upside of 65.56% from the company’s current price.

Several other brokerages also recently weighed in on RUN. Oppenheimer reaffirmed a “buy” rating and set a $10.00 target price on shares of Sunrun in a research note on Thursday, November 9th. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Thursday, January 4th. BidaskClub raised Sunrun from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Bank of America began coverage on Sunrun in a research note on Monday, November 6th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $8.21.

Sunrun (RUN) traded up $0.10 during trading hours on Monday, reaching $6.04. The company had a trading volume of 1,223,932 shares, compared to its average volume of 971,731. Sunrun has a twelve month low of $4.21 and a twelve month high of $7.78. The firm has a market cap of $644.99 and a price-to-earnings ratio of 6.86. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. The firm had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. sell-side analysts forecast that Sunrun will post 0.95 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of RUN. Uniplan Investment Counsel Inc. raised its stake 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 buying an additional 796,912 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Sunrun during the third quarter worth $2,642,000. Precocity Capital LP acquired a new stake in shares of Sunrun during the third quarter worth $2,220,000. Vanguard Group Inc. raised its position in shares of Sunrun by 6.7% during the second quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock worth $41,677,000 after purchasing an additional 369,721 shares during the period. Finally, State Street Corp raised its position in shares of Sunrun by 22.7% during the second 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 during the period. 77.84% of the stock is currently 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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