Key Takeaways:
- Sunrun's revenue remains stagnant, falling short of expectations.
- Stock price has experienced a significant decline of 27.8% over the past year.
- Analysts predict a potential price recovery with a target implying over 100% upside.
Sunrun (NASDAQ: RUN), a prominent player in the residential solar market, recently reported revenues of $518.5 million. This figure mirrors its performance from the previous year and unfortunately falls short of analyst projections by 3%. Despite strategic efforts to enhance market focus, Sunrun's stock has plummeted by 27.8%, now trading at $5.71.
Wall Street Analysts' Outlook
According to projections from 22 financial analysts, Sunrun Inc. (RUN, Financial) is expected to reach an average target price of $13.67 within the next year. The forecasts range from a high of $27.00 to a low of $7.00. This average target suggests a potential upside of 101.79% from the present share price of $6.78. For more in-depth estimate information, visit the Sunrun Inc (RUN) Forecast page.
Brokerages have collectively assigned Sunrun Inc. (RUN, Financial) an average recommendation rating of 2.4, placing the stock in the "Outperform" category. This rating scale, ranging from 1 to 5, classifies 1 as Strong Buy and 5 as Sell.
GuruFocus estimates indicate that the GF Value for Sunrun Inc. (RUN, Financial) in one year's time is projected to be $17.84. This forecast suggests a promising upside of 163.32% from the current price of $6.775. The GF Value is derived from historical trading multiples, coupled with an analysis of past business growth and future performance estimates. Further details are available on the Sunrun Inc (RUN) Summary page.
