Sunrun (RUN) Now Covered by Analysts at Credit Suisse Group

Equities researchers at Credit Suisse Group started coverage on shares of Sunrun (NASDAQ:RUN) in a research note issued on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $15.00 price target on the energy company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 150.00% from the company’s current price.

A number of other equities analysts have also recently issued reports on RUN. BidaskClub cut shares of Sunrun from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Oppenheimer restated a “buy” rating and issued a $10.00 price objective on shares of Sunrun in a research report on Thursday, November 9th. Finally, Deutsche Bank set a $10.00 price objective on shares of Sunrun and gave the company a “buy” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $8.96.

Shares of Sunrun (NASDAQ RUN) traded up $0.63 during trading hours on Monday, reaching $6.00. 2,663,936 shares of the company were exchanged, compared to its average volume of 1,210,000. The stock has a market cap of $640.72 and a PE ratio of 6.82. Sunrun has a one year low of $4.21 and a one year high of $7.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.72.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. purchased a new position in shares of Sunrun during the second quarter valued at about $112,000. Standard Life Aberdeen plc purchased a new position in shares of Sunrun during the fourth quarter valued at about $121,000. Russell Investments Group Ltd. purchased a new position in shares of Sunrun during the third quarter valued at about $123,000. Citigroup Inc. increased its position in shares of Sunrun by 760.3% during the second quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock valued at $133,000 after buying an additional 16,507 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Sunrun during the fourth quarter valued at about $140,000. 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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