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Sunrun Inc (NASDAQ:RUN) stock price target increased to $12.00, issued a research note today by Goldman Sachs

In a report released on Friday October 07, 2016 Goldman Sachs increased the stock price target of Sunrun Inc (NASDAQ:RUN) from $7.00 to $12.00 indicating a possible upside of 0.83%.

Yesterday Sunrun Inc (NASDAQ:RUN) traded 6.05% higher at $6.55. 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 up 5.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,809,134 shares of the stock were exchanged, up from an average trading volume of 1,013,080

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Sunrun Inc (NASDAQ:RUN)

Sunrun Inc has a 52 week low of $4.86 and a 52 week high of $14.95 with a P/E ratio of 196.67 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $12.44 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About 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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