Wall Street predicts Sunrun Inc (RUN) stock to surge by 145.81%

Sunrun Inc [RUN] stock prices are down -0.06% to $16.94 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RUN shares have gain 8.17% over the last week, with a monthly amount glided 35.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sunrun Inc [NASDAQ: RUN] stock has seen the most recent analyst activity on February 27, 2024, when Janney downgraded its rating to a Neutral. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on January 04, 2024. On December 19, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $31 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $25 on December 15, 2023. Mizuho initiated its recommendation with a Buy and recommended $23 as its price target on November 21, 2023. Northland Capital downgraded its rating to Market Perform for this stock on November 02, 2023, but kept the price target unchanged to $12. In a note dated November 02, 2023, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $17 to $12.

The stock price of Sunrun Inc [RUN] has been fluctuating between $8.43 and $22.16 over the past year. Currently, Wall Street analysts expect the stock to reach $41.64 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $16.94 at the most recent close of the market. An investor can expect a potential return of 145.81% based on the average RUN price forecast.

Analyzing the RUN fundamentals

The Sunrun Inc [NASDAQ:RUN] reported sales of 2.13B for trailing twelve months, representing a drop of -22.32%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.91%, Pretax Profit Margin comes in at -1.21%, and Net Profit Margin reading is -0.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.26 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.17.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.39 points at the first support level, and at 15.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.77, and for the 2nd resistance point, it is at 18.60.

Ratios To Look Out For

It’s worth pointing out that Sunrun Inc [NASDAQ:RUN]’s Current Ratio is 1.31. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 0.72.

Transactions by insiders

Recent insider trading involved Jurich Lynn Michelle, Director, that happened on Jul 19 ’24 when 50000.0 shares were sold. Chief Executive Officer, Powell Mary completed a deal on Jul 08 ’24 to sell 5569.0 shares. Meanwhile, Chief Financial Officer Abajian Danny sold 4662.0 shares on Jul 08 ’24.

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