Sunrun Inc (NASDAQ:RUN)’s share price was up 8% on Wednesday . The company traded as high as $8.08 and last traded at $8.69. Approximately 2,521,014 shares were traded during trading, an increase of 40% from the average daily volume of 1,798,200 shares. The stock had previously closed at $8.05.
A number of equities research analysts have recently issued reports on RUN shares. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Thursday, January 4th. Deutsche Bank set a $10.00 price objective on Sunrun and gave the stock a “buy” rating in a report on Monday, January 22nd. Credit Suisse Group started coverage on Sunrun in a report on Monday, February 12th. They set an “outperform” rating and a $15.00 price objective for the company. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.53.
The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. The stock has a market cap of $818.67, a P/E ratio of 7.64, a PEG ratio of 0.44 and a beta of -0.55.
Sunrun Company Profile
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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