Sunrun Inc (RUN) shares projected to rise by 113.62%

A share price of Sunrun Inc [RUN] is currently trading at $16.08, up 8.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RUN shares have gain 11.43% over the last week, with a monthly amount drifted -2.66%, and not 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.

Sunrun Inc experienced fluctuations in its stock price throughout the past year between $8.82 and $22.26. Currently, Wall Street analysts expect the stock to reach $34.35 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $16.08 at the most recent close of the market. An investor can expect a potential return of 113.62% based on the average RUN price forecast.

Analyzing the RUN fundamentals

Trailing Twelve Months sales for Sunrun Inc [NASDAQ:RUN] were 2.06B which represents -11.24% decline. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.9%, Pretax Profit Margin comes in at -1.23%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.26 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.24.

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 15.29 points at the first support level, and at 14.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.60, and for the 2nd resistance point, it is at 17.13.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sunrun Inc [NASDAQ:RUN] is 1.66. In addition, the Quick Ratio stands at 1.31 and the Cash Ratio stands at 1.03. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 0.67.

Transactions by insiders

Recent insider trading involved Jurich Lynn Michelle, Director, that happened on Oct 18 ’24 when 50000.0 shares were sold. Director, Jurich Lynn Michelle completed a deal on Oct 18 ’24 to buy 50000.0 shares. Meanwhile, Chief Legal & People Officer STEELE JEANNA sold 2624.0 shares on Oct 07 ’24.

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