On Friday, Sunrun shares were upgraded to overweight from neutral at Piper Sandler.
Piper Sandler set a $77 price target on the solar energy company’s shares, implying a 63% potential upside from the Thursday closing price. Piper cited "strong growth story associated with residential solar" and the company's management team as key strengths.
Also, RBC analyst Elvira Scotto recently mentioned that Sunrun has roughly 25% of the total residential rooftop market, and its size, scale and brand bolster its ability to garner customers and secure better financing. RBC has an outperform rating and $81 price target on Sunrun shares.
Last month, Goldman Sachs analyst Brian Lee boosted rating on the company’s shares to buy from neutral. Morgan Stanley's Stephen Byrd upgraded the company to overweight from equal-weight, while lowering his price target to $86 from $89. Susquehanna Financial analyst Biju Perincheril initiated coverage of Sunrun shares with a positive rating and $75 price target.
RUN saw its Momentum Indicator move above the 0 level on July 10, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows