Sunrun (RUN, Financial), a leading player in the residential solar energy market, has received an optimistic update from the financial services firm Jefferies. Analyst Julien Dumoulin-Smith at Jefferies has upgraded the stock rating from "Underperform" to "Hold". This adjustment reflects a more positive outlook on Sunrun's market performance.
In addition, Jefferies has significantly raised its price target for Sunrun (RUN, Financial) shares. The new price target is set at $11.00, up from a prior target of $5.00. This adjustment represents an increase of 120%, indicating increased confidence in the company's potential for growth and resilience in the market.
The updates from Jefferies come amid evolving dynamics in the renewable energy sector, presenting investment opportunities for stakeholders of Sunrun (RUN, Financial). The stock remains a focal point for investors tracking developments in sustainable energy solutions and market trends.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Sunrun Inc (RUN, Financial) is $10.24 with a high estimate of $20.00 and a low estimate of $4.00. The average target implies an upside of 4.05% from the current price of $9.84. More detailed estimate data can be found on the Sunrun Inc (RUN) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Sunrun Inc's (RUN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sunrun Inc (RUN, Financial) in one year is $14.61, suggesting a upside of 48.48% from the current price of $9.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sunrun Inc (RUN) Summary page.
