Wall Street Zen downgraded shares of Sunrun (NASDAQ:RUN – Free Report) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.
Other research analysts have also issued research reports about the company. Royal Bank Of Canada dropped their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Roth Capital reissued a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. The Goldman Sachs Group dropped their price objective on Sunrun from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday. Citigroup cut their price objective on shares of Sunrun from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. Finally, Barclays reduced their target price on shares of Sunrun from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.92.
Check Out Our Latest Stock Report on RUN
Sunrun Stock Up 0.7%
Sunrun (NASDAQ:RUN – Get Free Report) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. On average, equities research analysts forecast that Sunrun will post 1.14 EPS for the current fiscal year.
Insider Activity at Sunrun
In related news, insider Jeanna Steele sold 10,042 shares of Sunrun stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total transaction of $77,925.92. Following the sale, the insider directly owned 451,673 shares in the company, valued at approximately $3,504,982.48. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul Dickson sold 15,837 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $122,895.12. Following the completion of the transaction, the executive directly owned 823,702 shares in the company, valued at approximately $6,391,927.52. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 118,719 shares of company stock valued at $1,031,277 in the last ninety days. Insiders own 3.55% of the company’s stock.
Hedge Funds Weigh In On Sunrun
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Green Alpha Advisors LLC grew its position in Sunrun by 19.6% during the third quarter. Green Alpha Advisors LLC now owns 61,097 shares of the energy company’s stock valued at $475,000 after buying an additional 10,025 shares during the period. U S Wealth Group LLC. boosted its stake in Sunrun by 23.1% in the second quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company’s stock valued at $1,284,000 after acquiring an additional 18,006 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Sunrun during the 2nd quarter valued at approximately $594,000. Engineers Gate Manager LP bought a new position in shares of Sunrun during the 2nd quarter valued at approximately $328,000. Finally, Nykredit A S purchased a new stake in shares of Sunrun during the 2nd quarter worth approximately $78,000. 91.69% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Sunrun
Here are the key news stories impacting Sunrun this week:
- Positive Sentiment: Citigroup lowered its price target for Sunrun from $16 to $14 but maintained a Buy rating, implying substantial upside from recent levels. Citigroup Sunrun Price Target
- Positive Sentiment: Sunrun’s third-quarter 2026 earnings report is scheduled for November 4 after the market close. The release and conference call will give investors a near-term catalyst and updates on demand, liquidity and the company’s outlook. Sunrun Announces Third-Quarter Earnings Date
- Positive Sentiment: An analysis argues that RUN could be undervalued as the earnings date approaches, potentially attracting value-oriented investors. This remains an estimate rather than a confirmed change in fundamentals. Sunrun Could Be Undervalued
- Neutral Sentiment: Reported short interest totaled zero shares as of October 9, producing a 0.0-day short-interest ratio. The figure suggests no measurable short-selling pressure, although the data may reflect a reporting anomaly and should be interpreted cautiously.
- Neutral Sentiment: Unusual options activity pointed to several potentially large trades, but the activity alone does not establish a clear bullish or bearish direction. Sunrun Unusual Options Activity
- Negative Sentiment: Goldman Sachs also cut its price target, from $13 to $11, despite keeping a Buy rating. The reduction signals more cautious expectations even though the target remains above the current trading range. Goldman Sachs Sunrun Price Target
- Negative Sentiment: A Texas customer reportedly received a recall notice for a Powerwall system and was billed $450 by a Sunrun partner for troubleshooting. The account could raise concerns about customer service, partner practices and potential reputational costs. Texas Powerwall Owner and Sunrun Partner Billing
- Negative Sentiment: Chief Accounting Officer Maria Barak sold 1,771 shares at an average price of $7.77. The filing states the sale covered tax withholding tied to vested equity, limiting its bearish significance, but insider selling can still weigh on sentiment.
Sunrun Company Profile
Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.
Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.
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