In a report released today, Michael Weinstein W. from Credit Suisse maintained a Buy rating on Sunrun (NASDAQ: RUN), with a price target of $23. The company’s shares closed yesterday at $14.34.
W. has an average return of 1.1% when recommending Sunrun.
According to TipRanks.com, W. is ranked #2720 out of 4850 analysts.
Sunrun has an analyst consensus of Moderate Buy, with a price target consensus of $18.17, a 26.7% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $17 price target.
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Based on Sunrun’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.41 million. In comparison, last year the company had a net profit of $25.12 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RUN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SunRun, Inc. operates as a residential solar, storage and energy services company. The firm designs, installs, finances, insures, monitors and maintains the systems of solar energy. It also offers a home solar battery service, Brightbox, that manages household solar energy, storage and utility power with smart inverter technology.
