Sunrun (NASDAQ:RUN) Given New $11.00 Price Target at JPMorgan Chase & Co.

Sunrun (NASDAQ:RUN) had its price target reduced by analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.45% from the company’s current price.

RUN has been the subject of several other reports. Citigroup dropped their price target on Sunrun from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen upgraded Sunrun from a “sell” rating to a “hold” rating in a report on Sunday, October 18th. Royal Bank Of Canada lowered their target price on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Susquehanna dropped their target price on shares of Sunrun from $15.00 to $13.00 and set a “positive” rating for the company in a report on Wednesday, October 14th. Finally, Barclays reduced their target price on shares of Sunrun from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of “Hold” and a consensus target price of $14.27.

Sunrun Price Performance

NASDAQ:RUN traded up $1.08 during trading hours on Thursday, hitting $9.87. 35,930,160 shares of the stock were exchanged, compared to its average volume of 9,495,352. Sunrun has a 52-week low of $6.78 and a 52-week high of $21.95. The firm’s fifty day moving average price is $8.09 and its 200 day moving average price is $12.33. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The company has a market cap of $2.38 billion, a P/E ratio of 6.67 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, November 4th. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $757.53 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. As a group, equities research analysts anticipate that Sunrun will post 1.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Paul Dickson sold 15,837 shares of Sunrun stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total transaction of $122,895.12. Following the transaction, the executive owned 823,702 shares in the company, valued at $6,391,927.52. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maria Barak sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $9.35, for a total transaction of $30,443.60. Following the transaction, the chief accounting officer directly owned 85,006 shares in the company, valued at approximately $794,806.10. The trade was a 3.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 71,975 shares of company stock worth $563,721. 3.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Sunrun by 3.7% in the 2nd quarter. Van ECK Associates Corp now owns 42,838 shares of the energy company’s stock valued at $573,000 after purchasing an additional 1,528 shares during the last quarter. Summit Global Investments increased its holdings in shares of Sunrun by 8.5% during the 3rd quarter. Summit Global Investments now owns 20,444 shares of the energy company’s stock worth $159,000 after buying an additional 1,606 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Sunrun during the 2nd quarter worth approximately $25,000. Pictet Asset Management Holding SA raised its position in shares of Sunrun by 6.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 37,646 shares of the energy company’s stock valued at $510,000 after buying an additional 2,137 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Sunrun during the 1st quarter valued at approximately $36,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported Q3 earnings of $0.56 per share, topping the $0.16 consensus, while revenue rose 51.7% year over year to $1.10 billion, well ahead of forecasts of about $758 million. The results helped drive the stock’s advance. Sunrun Shares Rise After Higher 3Q Profit, Revenue
• Positive Sentiment: Management expects approximately $200 million in cash generation in 2026 and aims to double storage capacity by the end of 2028. Sunrun also reached a 5 GWh storage milestone, supporting its growth strategy beyond solar installations. Sunrun cash generation and storage plans Sunrun reaches 5 GWh storage milestone
• Neutral Sentiment: Citigroup lowered its price target from $14 to $13 but kept a Buy rating, leaving its target above the recent share price. The target cut is a caution, while the maintained rating remains supportive. Citigroup recommendations
• Neutral Sentiment: Chief Accounting Officer Maria Barak sold 3,256 shares under a pre-arranged Rule 10b5-1 plan; she retained 85,006 shares after the sale. Sunrun insider transaction
• Negative Sentiment: Q3 solar installations fell 15% year over year, a headwind that could temper the otherwise strong results and growth outlook. Q3 installations and storage milestone

Sunrun Company Profile

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.