Piper Sandler Sticks to Their Buy Rating for Sunrun (RUN)

Piper Sandler analyst Kashy Harrison maintained a Buy rating on Sunrun (RUN – Research Report) today and set a price target of $15.00. The company’s shares closed last Friday at $10.25.

Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Itron. According to TipRanks, Harrison has an average return of -17.9% and a 31.95% success rate on recommended stocks.

Currently, the analyst consensus on Sunrun is a Moderate Buy with an average price target of $19.55, which is a 90.73% upside from current levels. In a report released on April 19, Mizuho Securities also maintained a Buy rating on the stock with a $23.00 price target.

The company has a one-year high of $23.85 and a one-year low of $8.43. Currently, Sunrun has an average volume of 14.58M.

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.