Guggenheim Sticks to Their Buy Rating for Sunrun

By Jason Carr

In a report released today, Sophie Karp from Guggenheim reiterated a Buy rating on Sunrun (NASDAQ: RUN), with a price target of $12. The company’s shares opened today at $8.41.

According to TipRanks.com, Karp is a 3-star analyst with an average return of 5.9% and a 65.5% success rate. Karp covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Atlantica Yield plc, and Ormat Technologies.

Currently, the analyst consensus on Sunrun is Moderate Buy and the average price target is $10.29, representing a 22.4% upside.

In a report issued on April 6, Goldman Sachs also maintained a Buy rating on the stock with a $12 price target.

Sunrun’s market cap is currently $888.9M and has a P/E ratio of 7.26. The company has a book value ratio of 1.0947.

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SunRun, Inc. engages in the design, installation, financing, insurance, monitor, and maintenance of solar energy. It conducts its business in Arizona, California, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina. The company was founded in January 2007 by Edward H.