Fintel reports that on December 19, 2023, Piper Sandler upgraded their outlook for Sunrun (NASDAQ:RUN) from Neutral to Overweight .
Analyst Price Forecast Suggests 10.37% Upside
As of December 16, 2023, the average one-year price target for Sunrun is 19.90. The forecasts range from a low of 10.10 to a high of $45.15. The average price target represents an increase of 10.37% from its latest reported closing price of 18.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sunrun is 2,514MM, an increase of 6.87%. The projected annual non-GAAP EPS is 0.10.
What is the Fund Sentiment?
There are 744 funds or institutions reporting positions in Sunrun. This is an increase of 7 owner(s) or 0.95% in the last quarter. Average portfolio weight of all funds dedicated to RUN is 0.19%, an increase of 4.09%. Total shares owned by institutions increased in the last three months by 4.32% to 225,710K shares. 
The put/call ratio of RUN is 0.95, indicating a bullish outlook.
What are Other Shareholders Doing?
Grantham, Mayo, Van Otterloo & Co. holds 14,182K shares representing 6.51% ownership of the company. In it's prior filing, the firm reported owning 10,433K shares, representing an increase of 26.43%. The firm decreased its portfolio allocation in RUN by 2.47% over the last quarter.
Orbis Allan Gray holds 13,997K shares representing 6.42% ownership of the company. No change in the last quarter.
BNP Paribas Asset Management Holding holds 10,593K shares representing 4.86% ownership of the company. In it's prior filing, the firm reported owning 10,269K shares, representing an increase of 3.06%. The firm decreased its portfolio allocation in RUN by 28.20% over the last quarter.
Greenvale Capital LLP holds 7,200K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 6,250K shares, representing an increase of 13.19%. The firm increased its portfolio allocation in RUN by 3.79% over the last quarter.
Invesco holds 7,138K shares representing 3.28% ownership of the company. In it's prior filing, the firm reported owning 6,721K shares, representing an increase of 5.84%. The firm decreased its portfolio allocation in RUN by 92.81% over the last quarter.
Sunrun Background Information
(This description is provided by the company.)
Sunrun, is the nation's leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun's innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources.
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