Sunrun (NASDAQ:RUN – Free Report) had its target price trimmed by The Goldman Sachs Group from $15.00 to $13.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the energy company’s stock.
Several other research analysts have also commented on RUN. Citigroup dropped their price objective on shares of Sunrun from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Susquehanna cut their price target on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.70.
Check Out Our Latest Research Report on RUN
Sunrun Stock Up 3.0%
Sunrun (NASDAQ:RUN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, equities research analysts predict that Sunrun will post 1.18 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Lynn Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $13.61, for a total transaction of $680,500.00. Following the sale, the director owned 409,091 shares of the company’s stock, valued at $5,567,728.51. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeanna Steele sold 9,897 shares of Sunrun stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $130,541.43. Following the completion of the transaction, the insider owned 461,715 shares in the company, valued at $6,090,020.85. This trade represents a 2.10% 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 have sold a total of 171,015 shares of company stock valued at $2,111,653 over the last ninety days. Company insiders own 3.55% of the company’s stock.
Institutional Trading of Sunrun
A number of institutional investors have recently modified their holdings of the company. U S Wealth Group LLC. raised its stake in shares of Sunrun by 23.1% during the 2nd quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company’s stock worth $1,284,000 after acquiring an additional 18,006 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Sunrun in the second quarter valued at approximately $594,000. Engineers Gate Manager LP acquired a new stake in Sunrun in the second quarter valued at approximately $328,000. Nykredit A S purchased a new position in Sunrun in the second quarter worth $78,000. Finally, Amundi grew its holdings in Sunrun by 3.9% in the second quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after purchasing an additional 127,878 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.
Key Sunrun News
Here are the key news stories impacting Sunrun this week:
- Positive Sentiment: Sunrun and Tesla said their fleets of home batteries delivered more than 580 megawatts of peak power to California’s grid during the Sept. 9 heat wave. The companies described it as the largest-ever residential distributed-power or virtual-power-plant dispatch, highlighting the potential value of Sunrun’s network beyond traditional solar generation. Sunrun and Tesla Dispatch 580 Megawatts to California’s Grid
- Positive Sentiment: The record dispatch demonstrates that aggregated residential batteries can provide meaningful capacity during periods of peak demand. For investors, that may strengthen the case for future grid-services revenue and support Sunrun’s strategic positioning in energy storage. Largest-Ever Virtual Power Plant Dispatch
- Neutral Sentiment: Goldman Sachs lowered its Sunrun price target from $15 to $13 but maintained a Buy rating. The revised target still implied substantial upside from the referenced $8.79 price, though the reduction signals more cautious valuation expectations. Sunrun Receives New Goldman Sachs Price Target
- Negative Sentiment: Market coverage noted that the operational milestone comes amid reported 2026 losses, underscoring that Sunrun still faces profitability concerns despite progress in battery deployment and grid participation. Tesla and Sunrun Stocks in Focus
About Sunrun
Sunrun Inc is a provider of residential solar energy and battery-storage solutions. The company designs, sells, installs, owns and maintains solar energy systems for homeowners, helping customers generate electricity on-site and reduce reliance on conventional utility power.
Sunrun offers solar systems through customer purchase arrangements as well as subscription-based plans, including leases and power purchase agreements. Under these arrangements, Sunrun may retain ownership of the system and provide ongoing monitoring, maintenance and customer support.
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