Stock Mover of The Day: After Today’s Big Increase, Is Sunrun Inc’s Near-Term Analysis Positive?

Stock Mover of The Day: After Today's Big Increase, Is Sunrun Inc's Near Term Analysis Positive?

The stock of Sunrun Inc (NASDAQ:RUN) is a huge mover today! About 516,190 shares traded hands. Sunrun Inc (NASDAQ:RUN) has declined 32.30% since April 18, 2016 and is downtrending. It has underperformed by 36.73% the S&P500.
The move comes after 8 months positive chart setup for the $498.32 million company. It was reported on Nov, 18 by Barchart.com. We have $12.65 PT which if reached, will make NASDAQ:RUN worth $767.41M more.

Sunrun Inc (NASDAQ:RUN) Ratings Coverage

Out of 9 analysts covering Sunrun Inc (NASDAQ:RUN), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Sunrun Inc has been the topic of 21 analyst reports since August 31, 2015 according to StockzIntelligence Inc. JMP Securities initiated the shares of RUN in a report on Thursday, September 8 with “Mkt Outperform” rating. The rating was maintained by Morgan Stanley on Monday, December 21 with “Overweight”. On Friday, January 22 the stock rating was initiated by Barclays Capital with “Overweight”. The rating was initiated by Morgan Stanley on Tuesday, September 8 with “Overweight”. The stock of Sunrun Inc (NASDAQ:RUN) earned “Outperform” rating by Credit Suisse on Monday, May 2. Goldman Sachs upgraded the shares of RUN in a report on Friday, October 7 to “Buy” rating. The stock of Sunrun Inc (NASDAQ:RUN) has “Outperform” rating given on Monday, August 31 by Credit Suisse. JMP Securities downgraded the stock to “Mkt Perform” rating in Thursday, November 10 report. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Thursday, December 17 report. Barclays Capital downgraded Sunrun Inc (NASDAQ:RUN) on Thursday, February 11 to “Equal-Weight” rating.

According to Zacks Investment Research, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California.”

More important recent Sunrun Inc (NASDAQ:RUN) news were published by: Fool.com which released: “How Sunrun Inc Outperforms Residential Solar Rivals” on November 14, 2016, also Fool.com published article titled: “Why Sunrun Inc.’s Shares Popped 17% Today”, Fool.com published: “Why Sunrun Inc.’s Shares Plunged 17% in October” on November 08, 2016. More interesting news about Sunrun Inc (NASDAQ:RUN) was released by: Latimes.com and their article: “Sunrun partners with LG to provide residential electricity storage” with publication date: October 26, 2016.

RUN Company Profile

Sunrun Inc. (Sunrun), incorporated on June 20, 2008, is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Firm is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 clients across 15 states, as well as the District of Columbia. With its solar service offerings, the Company installs solar energy systems on its customers’ homes and provide them the solar power produced by those systems for a 20-year initial term. In addition, the Company monitors, maintains and insures the system during the term of the contract.

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