TD Cowen Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price cut by research analysts at TD Cowen from $23.00 to $21.00 in a report released on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the energy company’s stock. TD Cowen’s price target indicates a potential upside of 43.74% from the company’s previous close.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Sunrun from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Barclays dropped their target price on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on Sunrun from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Loop Capital set a $12.00 target price on Sunrun in a report on Tuesday, March 3rd. Finally, Mizuho dropped their target price on Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.48.

Sunrun Stock Up 5.9%

Shares of NASDAQ:RUN opened at $14.61 on Thursday. The business’s 50 day simple moving average is $12.98 and its two-hundred day simple moving average is $16.93. The firm has a market cap of $3.49 billion, a P/E ratio of 6.86 and a beta of 2.25. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.27 and a current ratio of 1.45. Sunrun has a 52-week low of $5.38 and a 52-week high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, research analysts forecast that Sunrun will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Edward Harris Fenster sold 163,844 shares of Sunrun stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the sale, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 193,002 shares of Sunrun stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $2,557,276.50. Following the sale, the chief executive officer owned 934,282 shares in the company, valued at $12,379,236.50. This trade represents a 17.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 879,894 shares of company stock valued at $12,732,496. 3.55% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

A number of hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its holdings in Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares during the period. Hantz Financial Services Inc. lifted its holdings in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Sunrun by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after acquiring an additional 565 shares during the period. Sage Rhino Capital LLC lifted its holdings in Sunrun by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after acquiring an additional 572 shares during the period. Finally, Crestwood Advisors Group LLC lifted its holdings in Sunrun by 1.9% during the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after acquiring an additional 644 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Key Headlines Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported Q1 earnings of $0.62 per share, easily topping expectations for a loss, while revenue rose 43.2% year over year to $722.2 million and came in above estimates. Read More.
• Positive Sentiment: The company reiterated its 2026 cash generation outlook of $250 million to $450 million, suggesting management still sees a path to improving cash flow even after a softer quarter. Read More.
• Positive Sentiment: Sunrun also highlighted growth in storage and grid services, with networked storage capacity reaching about 4.3 GWh, up 50% from a year ago, which supports its long-term expansion plans. Read More.
• Neutral Sentiment: Management said the business is navigating tougher conditions from tariffs and the end of the solar tax credit, which helped drive a steep drop in sales but does not appear to be derailing the broader strategy. Read More.
• Neutral Sentiment: TD Cowen lowered its price target to $21 from $23 but kept a buy rating, indicating analysts still see upside even after the recent rally. Read More.
• Negative Sentiment: Sunrun co-founder sold 50,000 shares, a small potential overhang for sentiment even though insider sales do not necessarily signal trouble. Read More.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.