Analyst opinions on Sunrun (NASDAQ: RUN) have been quite diverse in the past three months, indicating a range of perspectives. A group of 20 analysts have provided their 12-month price targets, resulting in an average target of $21.0 for Sunrun. The highest target stands at $36.00, while the lowest target is set at $12.00. With a “Moderate Buy” consensus rating, based on 13 buy ratings, 6 hold ratings, and no sell ratings, there seems to be a cautious optimism surrounding Sunrun.
However, it is worth noting that the average price target has experienced a significant decline of 29.55% from the previous average of $29.81. Despite this decline, Guggenheim, a prominent analyst firm, has maintained their buy rating for Sunrun, suggesting a continued positive outlook.
Analysts arrive at their ratings through rigorous research, which includes a thorough examination of financial statements, discussions with company executives and customers, and active participation in earnings conference calls. It is important to recognize that these ratings are subjective and can change over time. Analysts, like any other individuals, are prone to biases and errors. Therefore, it is essential for investors to consider a multitude of factors when making investment decisions and not solely rely on analyst ratings.
Investors should exercise caution and conduct their own due diligence, considering factors such as market trends, company fundamentals, and personal risk tolerance. By doing so, they can make informed investment decisions that align with their individual goals and objectives.
Sunrun Inc.
RUN
Buy
Updated on: 04/12/2023
Financial Health
Healthy
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Neutral
DCF: Strong Buy
ROE: Neutral
Sunrun Inc.: Mixed Day in Stock Market with Fluctuating Prices and Lower Trading Volume
On November 21, 2023, Sunrun Inc. (RUN) experienced a mixed day in the stock market. The stock opened at $11.76 and fluctuated between $11.41 and $11.88. The trading volume for the day was 135,863 shares, significantly lower than the average volume. The market capitalization of Sunrun Inc. is $2.4 billion.
Sunrun Inc. has experienced a significant decline in earnings growth this year but is projected to have positive earnings growth of 5.50% over the next five years. The company demonstrated robust revenue growth of 44.19% in the previous year, but its earnings growth has not kept pace with this.
The price-to-earnings (P/E) ratio for Sunrun Inc. is not meaningful since the company reported negative earnings. However, the price-to-sales ratio is 2.27, and the price-to-book ratio is 0.36, indicating that the stock is trading at a discount compared to its book value.
In the same sector and industry, Limbach Holdings Inc. (LMBL) experienced a slight increase in its stock price, while Edd Helms Group Inc. and Lithium & Boron Tech remained unchanged.
Sunrun Inc.’s next reporting date is scheduled for February 15, 2024, with analysts forecasting an earnings per share (EPS) of -$0.14 for the current quarter. In the previous year, the company generated an annual revenue of $2.3 billion and a profit of $173.4 million, resulting in a net profit margin of 7.47%.
Sunrun Inc. operates in the utilities sector, specifically in the alternative power generation industry. The company’s corporate headquarters are located in San Francisco, California.
In conclusion, Sunrun Inc. had a mixed day in the stock market on November 21, 2023, with fluctuating stock prices and lower trading volume. The company has shown strong revenue growth but declining earnings growth. However, there is optimism for future earnings growth, and the stock is trading at a discount compared to its book value. Investors will be waiting for the next reporting date to gain more insights into the company’s financial performance.
Sunrun Inc Stock Analysis: Positive Outlook and Potential Growth in Residential Solar Energy Solutions
Sunrun Inc, a leading provider of residential solar energy solutions, has been attracting the attention of analysts and investors alike. On November 21, 2023, the stock’s performance was closely scrutinized, and the data from CNN Money shed light on the company’s future prospects.
According to the information provided, there are 27 analysts who have offered 12-month price forecasts for Sunrun Inc. The median target price is $17.00, with a high estimate of $43.00 and a low estimate of $10.00. This indicates a potential increase of 47.83% from the last price of $11.50.
The fact that the median estimate suggests a significant upside for the stock is encouraging for investors. It reflects the positive sentiment surrounding Sunrun Inc’s business and its potential for growth. However, it is essential to consider the range of estimates, which vary from $10.00 to $43.00. This wide range indicates a certain level of uncertainty among analysts, highlighting the volatility and unpredictability of the stock market.
Despite the range of estimates, the current consensus among 30 polled investment analysts is to buy stock in Sunrun Inc. This rating has remained unchanged since November, indicating a consistent belief in the company’s prospects. It is worth noting that a buy rating from analysts can influence investor sentiment and potentially drive up demand for the stock.
In terms of financial performance, Sunrun Inc reported a loss of $0.14 per share in the current quarter. While this may raise concerns for some investors, it is essential to consider the context. The company operates in the renewable energy sector, which is known for its high initial investment costs. Losses in the short term are not uncommon as companies like Sunrun Inc focus on expanding their customer base and market share.
On the sales front, Sunrun Inc generated $634.0 million in revenue in the current quarter. This figure demonstrates the company’s ability to generate substantial revenue and suggests a healthy demand for its solar energy solutions.
Looking ahead, investors can anticipate Sunrun Inc’s next earnings report, which is scheduled to be released on February 15. This report will provide further insights into the company’s financial performance and could potentially impact the stock’s price.
In conclusion, Sunrun Inc’s stock performance on November 21, 2023, indicates a positive outlook for the company. The median target price of $17.00 suggests a potential increase of 47.83% from the last price, and the consensus among analysts is to buy the stock. While the current quarter’s earnings per share were negative, the company’s robust sales figures and its position in the renewable energy sector offer reasons for optimism. Investors should keep an eye on Sunrun Inc’s upcoming earnings report for more information on the company’s financial health.
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