.png "Sunrun (NASDAQ: RUN)")
Oppenheimer analyst Colin Rusch assigned a Buy rating to Sunrun (RUN) today and set a price target of $55.00. The company’s shares closed last Tuesday at $58.27, close to its 52-week high of $58.47.
According to TipRanks.com, Rusch is a top 100 analyst with an average return of 31.8% and a 58.5% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sunrun with a $43.50 average price target, a -22.7% downside from current levels. In a report issued on August 21, Barclays also maintained a Buy rating on the stock with a $57.00 price target.
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The company has a one-year high of $58.47 and a one-year low of $7.84. Currently, Sunrun has an average volume of 4.16M.
Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. It also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan. The company was founded by Edward H. Fenster, Robert N. Kreamer and Lynn M. Jurich in January 2007 and is headquartered in San Francisco, CA.
