Sunrun (RUN) Gets a Buy from UBS

UBS analyst Jon Windham maintained a Buy rating on Sunrun yesterday and set a price target of $23.00. The company’s shares closed yesterday at $12.18.

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According to TipRanks, Windham is a 4-star analyst with an average return of 10.3% and a 53.66% success rate. Windham covers the Industrials sector, focusing on stocks such as Clean Harbors, Republic Services, and Waste Connections.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sunrun with a $19.63 average price target, which is a 61.17% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $20.00 price target.

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 108 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, Maria Barak, the CAO of RUN sold 4,641.00 shares for a total of $61,446.84.