Sunrun (RUN) Receives a Buy from Oppenheimer

In a report released today, Colin Rusch from Oppenheimer assigned a Buy rating to Sunrun (RUNResearch Report), with a price target of $65.00. The company’s shares closed last Thursday at $58.00.

According to, Rusch is a top 100 analyst with an average return of 33.4% and a 57.5% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sunrun with a $62.09 average price target, implying an 8.2% upside from current levels. In a report issued on October 26, Credit Suisse also maintained a Buy rating on the stock with a $68.00 price target.

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Based on Sunrun’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $181 million and GAAP net loss of $13.56 million. In comparison, last year the company earned revenue of $205 million and had a GAAP net loss of $1.29 million.

Based on the recent corporate insider activity of 125 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.

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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.