Fintel reports that on December 19, 2024, TD Cowen initiated coverage of Sunrun (NasdaqGS:RUN) with a Buy recommendation.
Analyst Price Forecast Suggests 104.82% Upside
As of December 2, 2024, the average one-year price target for Sunrun is $18.72/share. The forecasts range from a low of $7.86 to a high of $39.90. The average price target represents an increase of 104.82% from its latest reported closing price of $9.14 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sunrun is 2,847MM, an increase of 39.85%. The projected annual non-GAAP EPS is 0.10.
What is the Fund Sentiment?
There are 789 funds or institutions reporting positions in Sunrun. This is an increase of 18 owner(s) or 2.33% in the last quarter. Average portfolio weight of all funds dedicated to RUN is 0.23%, an increase of 27.42%. Total shares owned by institutions increased in the last three months by 6.84% to 288,859K shares. 
The put/call ratio of RUN is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 14,205K shares representing 6.33% ownership of the company. In its prior filing, the firm reported owning 14,335K shares , representing a decrease of 0.91%. The firm increased its portfolio allocation in RUN by 35.42% over the last quarter.
Orbis Allan Gray holds 11,247K shares representing 5.01% ownership of the company. In its prior filing, the firm reported owning 13,896K shares , representing a decrease of 23.55%. The firm decreased its portfolio allocation in RUN by 31.44% over the last quarter.
Grantham, Mayo, Van Otterloo & Co. holds 11,119K shares representing 4.96% ownership of the company. In its prior filing, the firm reported owning 16,311K shares , representing a decrease of 46.70%. The firm decreased its portfolio allocation in RUN by 3.67% over the last quarter.
Greenvale Capital LLP holds 8,983K shares representing 4.00% ownership of the company. In its prior filing, the firm reported owning 11,750K shares , representing a decrease of 30.80%. The firm increased its portfolio allocation in RUN by 5.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,630K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 6,547K shares , representing an increase of 1.25%. The firm increased its portfolio allocation in RUN by 44.84% over the last quarter.
Sunrun Background Information
(This description is provided by the company.)
Sunrun, is the nation's leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun's innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
