GLJ Research Sticks to Their Sell Rating for Sunrun (RUN)

GLJ Research analyst Gordon Johnson reiterated a Sell rating on Sunrun today and set a price target of $14.00.

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According to TipRanks, Johnson is an analyst with an average return of -5.2% and a 55.32% success rate. Johnson covers the Technology sector, focusing on stocks such as Sunrun, Nextpower Inc, and Daqo New Energy.

Currently, the analyst consensus on Sunrun is a Moderate Buy with an average price target of $20.18.

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, Paul Dickson, the Pres. & Chief Revenue Officer of RUN sold 127,673.00 shares for a total of $1,690,390.52.