Sunrun Inc (RUN) stock expected to rise by 195.05%: What’s driving the optimism?

Sunrun Inc [RUN] stock is trading at $11.52, up 9.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The RUN shares have gain 15.08% over the last week, with a monthly amount drifted -19.83%, 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 November 22, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $11 from $23. Previously, Exane BNP Paribas downgraded its rating to Neutral on November 08, 2024, and kept the price target unchanged to $14. On November 07, 2024, downgrade downgraded it’s rating to Neutral. Janney downgraded its rating to a Neutral. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Piper Sandler upgraded its rating to Overweight for this stock on December 19, 2023, and upped its price target to $31. In a note dated December 15, 2023, Jefferies initiated an Buy rating and provided a target price of $25 on this stock.

Sunrun Inc [RUN] stock has fluctuated between $9.23 and $22.26 over the past year. Currently, Wall Street analysts expect the stock to reach $33.99 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $11.52 at the most recent close of the market. An investor can expect a potential return of 195.05% based on the average RUN price forecast.

Analyzing the RUN fundamentals

Sunrun Inc [NASDAQ:RUN] reported sales of 2.04B for the trailing twelve months, which represents a drop of -4.62%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.75%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.14 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.36.

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 10.87 points at the first support level, and at 10.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.96, and for the 2nd resistance point, it is at 12.39.

Ratios To Look Out For

For context, Sunrun Inc’s Current Ratio is 1.47. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.49.

Transactions by insiders

Recent insider trading involved Jurich Lynn Michelle, Director, that happened on Nov 19 ’24 when 50000.0 shares were sold. Director, Jurich Lynn Michelle completed a deal on Nov 19 ’24 to buy 50000.0 shares. Meanwhile, Director Jurich Lynn Michelle sold 50000.0 shares on Oct 18 ’24.

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