53.61 % to Target, Oppenheimer Reiterates ‘Buy’ Rating on Sunrun (NASDAQ:RUN) Shares Today

February 15, 2018 - By Richard Conner

 53.61 % to Target, Oppenheimer Reiterates ‘Buy’ Rating on Sunrun (NASDAQ:RUN) Shares Today

Sunrun (NASDAQ:RUN) Rating Reaffirmed

In analysts note issued to clients and investors this morning, Oppenheimer kept their Buy rating on Sunrun (NASDAQ:RUN) shares. The TP would indicate a possible upside of 53.61 % from company’s last price.

Sunrun Inc. (NASDAQ:RUN) Ratings Coverage

Among 10 analysts covering Sunrun Inc (NASDAQ:RUN), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Sunrun Inc has $35 highest and $7 lowest target. $12.71’s average target is 95.39% above currents $6.505 stock price. Sunrun Inc had 28 analyst reports since August 31, 2015 according to SRatingsIntel. On Tuesday, June 20 the stock rating was maintained by Goldman Sachs with “Buy”. As per Thursday, November 9, the company rating was maintained by Oppenheimer. Barclays Capital initiated Sunrun Inc. (NASDAQ:RUN) on Friday, January 22 with “Overweight” rating. The firm has “Outperform” rating by Oppenheimer given on Tuesday, June 21. The rating was initiated by JMP Securities on Thursday, September 8 with “Mkt Outperform”. As per Monday, December 21, the company rating was maintained by Morgan Stanley. The stock of Sunrun Inc. (NASDAQ:RUN) earned “Outperform” rating by Credit Suisse on Monday, August 31. The firm earned “Buy” rating on Monday, August 31 by Bank of America. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, August 31 report. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, January 5 report.

The stock increased 1.32% or $0.085 during the last trading session, reaching $6.505. About 1.10 million shares traded. Sunrun Inc. (NASDAQ:RUN) has declined 16.94% since February 15, 2017 and is downtrending. It has underperformed by 33.64% the S&P500.

Analysts await Sunrun Inc. (NASDAQ:RUN) to report earnings on March, 14. They expect $0.08 earnings per share, down 70.37 % or $0.19 from last year’s $0.27 per share. RUN’s profit will be $8.58M for 20.33 P/E if the $0.08 EPS becomes a reality. After $0.25 actual earnings per share reported by Sunrun Inc. for the previous quarter, Wall Street now forecasts -68.00 % negative EPS growth.

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company has market cap of $697.96 million. It also sells solar leads. It has a 7.41 P/E ratio. The firm markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

More news for Sunrun Inc. (NASDAQ:RUN) were recently published by: Globenewswire.com, which released: “Sunrun Appoints Mary Powell and Alan Ferber to its Board of Directors” on January 25, 2018. Fool.com‘s article titled: “Why Sunrun Inc.’s Shares Popped 14% Today” and published on February 12, 2018 is yet another important article.

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