RBC Capital Sticks to Its Buy Rating for Sunrun (RUN)

RBC Capital analyst Chris Dendrinos maintained a Buy rating on Sunrun (RUN – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $11.51.

According to TipRanks, Dendrinos is an analyst with an average return of -19.0% and a 25.00% success rate. Dendrinos covers the Technology sector, focusing on stocks such as First Solar, SolarEdge Technologies, and Shoals Technologies Group.

In addition to RBC Capital, Sunrun also received a Buy from Citi’s Vikram Bagri in a report issued today. However, on the same day, KeyBanc 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 $516.59 million and a GAAP net loss of $350.12 million. In comparison, last year the company earned a revenue of $609.15 million and had a net profit of $63.02 million

Based on the recent corporate insider activity of 112 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sunrun (RUN) Company Description:

SunRun, Inc. engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. It also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan. The company was founded by Edward H. Fenster, Robert N. Kreamer and Lynn M. Jurich in January 2007 and is headquartered in San Francisco, CA.