Sunrun (RUN) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Sunrun (NASDAQ:RUN) from a hold rating to a buy rating in a research report report published on Tuesday.

Several other brokerages also recently issued reports on RUN. Roth Capital began coverage on Sunrun in a research report on Thursday, March 1st. They issued a buy rating and a $10.00 price objective on the stock. Oppenheimer restated a buy rating and issued a $10.00 price objective on shares of Sunrun in a research report on Thursday, November 9th. ValuEngine downgraded Sunrun from a strong-buy rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Sunrun from a hold rating to a buy rating and set a $6.75 price objective on the stock in a research report on Thursday, January 4th. Finally, Deutsche Bank set a $10.00 price objective on Sunrun and gave the company a buy rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Sunrun currently has an average rating of Buy and an average price target of $9.36.

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Shares of Sunrun (NASDAQ:RUN) opened at $7.15 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 0.60. Sunrun has a 12-month low of $4.21 and a 12-month high of $7.78. The stock has a market capitalization of $763.53 and a price-to-earnings ratio of 4.97.

Large investors have recently modified their holdings of the company. Standard Life Aberdeen plc acquired a new position in Sunrun in the fourth quarter valued at $121,000. Russell Investments Group Ltd. acquired a new position in Sunrun in the third quarter valued at $123,000. Teacher Retirement System of Texas acquired a new position in Sunrun in the fourth quarter valued at $140,000. Aperio Group LLC acquired a new position in Sunrun in the fourth quarter valued at $153,000. Finally, IPG Investment Advisors LLC acquired a new position in Sunrun in the fourth quarter valued at $159,000. Institutional investors and hedge funds own 80.25% 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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