RBC Capital Reaffirms Their Buy Rating on Sunrun (RUN)
In a report released on April 10, Chris Dendrinos from RBC Capital maintained a Buy rating on Sunrun, with a price target of $18.00. The company’s shares closed yesterday at $13.28.
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Dendrinos covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and SolarEdge Technologies. According to TipRanks, Dendrinos has an average return of 53.1% and a 54.19% success rate on recommended stocks.
In addition to RBC Capital, Sunrun also received a Buy from Susquehanna’s Charles Minervino in a report issued on April 9. However, yesterday, Guggenheim assigned a Hold rating to Sunrun (NASDAQ: RUN).
Based on Sunrun’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.16 billion and a net profit of $103.57 million. In comparison, last year the company earned a revenue of $518.49 million and had a GAAP net loss of $2.81 billion
Based on the recent corporate insider activity of 103 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. Earlier this month, Paul Dickson, the Pres. & Chief Revenue Officer of RUN sold 127,673.00 shares for a total of $1,690,390.52.
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