Goldman Sachs Sticks to Their Buy Rating for Sunrun (RUN)

In a report released today, Brian K. Lee from Goldman Sachs maintained a Buy rating on Sunrun (RUNResearch Report), with a price target of $40.00. The company’s shares closed last Thursday at $31.89.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 13.5% and a 52.9% success rate. Lee covers the Industrial Goods sector, focusing on stocks such as Fluence Energy, Acuity Brands, and Stem Inc.

Currently, the analyst consensus on Sunrun is a Strong Buy with an average price target of $46.60, which is a 43.5% upside from current levels. In a report issued on July 20, Roth Capital also maintained a Buy rating on the stock with a $30.00 price target.

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Sunrun’s market cap is currently $6.46B and has a P/E ratio of -44.24.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RUN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SunRun, Inc. engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. It also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan. The company was founded by Edward H. Fenster, Robert N. Kreamer and Lynn M. Jurich in January 2007 and is headquartered in San Francisco, CA.

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