Goldman Sachs Group Inc. upgraded Sunrun Inc (NASDAQ:RUN) to Buy in a report released today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has upgraded Sunrun Inc (NASDAQ:RUN) to Buy in a report released on 10/6/2016.
Previously on 9/08/2016, JMP Securities reported about Sunrun Inc (NASDAQ:RUN) raised the target price from $0.00 to $8.50. At the time, this indicated a possible upside of 0.39%.
Yesterday Sunrun Inc (NASDAQ:RUN) traded -2.24% lower at $6.12. The company’s 50-day moving average is $5.96 and its 200-day moving average is $6.13. The last stock close price is down -0.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 683,809 shares of Sunrun Inc exchanged hands, down from an avg. volume of 1,017,260
With a total market value of $0, Sunrun Inc has one year low of $4.86 and a one year high of $14.95 with a P/E ratio of 185.45 .
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 9 brokers have issued a ratings update on the company. The average stock price target is $12.44 with 2 brokers rating the stock a strong buy, 4 equity analysts rating the company a buy, two brokerages rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis On Sunrun Inc (NASDAQ:RUN)
Sunrun Inc. (Sunrun) 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. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia. Sunrun sells directly to consumers over the phone, Web and retail stores, as well as through a network of certified partners. It offers various plans and services, such as Pay as you go and Purchase your system. Its Pay as you go offers plans, such as BrightSave Monthly and BrightSave Prepaid. Sunrun's BrightSave Monthly plan comes with both product and workmanship warranty, as well as protection against future utility rate hikes. Users can lock in over 20 years of electricity with Sunrun's BrightSave Prepaid solar lease plan. With Sunrun's BrightBuy, users can purchase the entire solar system.
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