Key Takeaways:
- Sunrun's stock experiences a significant boost of 8.4% following an upgrade from Jefferies.
- The Inflation Reduction Act provides a new sense of stability in the residential solar sector.
- Despite the rise, analysts project a slight downside from the current stock price.
Jefferies Upgrade Sparks a Surge in Sunrun's Stock
Sunrun Inc. (NASDAQ: RUN) saw its stock price increase by 8.4% after Jefferies upgraded the solar energy company's rating from Underperform to Hold and adjusted the price target to $11. This change demonstrates enhanced confidence in the company, largely driven by the completion of the Inflation Reduction Act, which offers long-term stability for the residential solar industry.
Wall Street Analysts' Forecasts
The consensus among 20 analysts places the one-year price target for Sunrun Inc. (RUN, Financial) at an average of $10.24, with the most optimistic prediction reaching $20.00 and the most conservative at $4.00. This average target implies a potential downside of 4.49% from the present price of $10.72. For more in-depth estimates, investors can visit the Sunrun Inc (RUN) Forecast page.
Brokerage Firm Recommendations
Currently, Sunrun Inc. (RUN, Financial) holds an average brokerage recommendation of 2.8 out of 24 brokerage firms, indicating its status as a "Hold." The rating scale ranges from 1, representing a Strong Buy, to 5, denoting a Sell. This middle-ground rating reflects the mixed sentiment among analysts regarding the company's future performance.
GuruFocus Estimates and GF Value
According to GuruFocus estimates, the GF Value for Sunrun Inc. (RUN, Financial) in the upcoming year is projected at $14.61. This suggests a potential upside of 36.29% from the current market price of $10.72. The GF Value is an estimation of the stock's fair market value, calculated based on historical trading multiples, past business growth, and forecasted future performance of the company. For more extensive data, visit the Sunrun Inc (RUN) Summary page.
