Sunrun
About: Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.
Employees: 10,833
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 5 (+1) [Q2]
15% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 61
6.68% more ownership
Funds ownership: 109.96% [Q1] → 116.64% (+6.68%) [Q2]
2% more funds holding
Funds holding: 402 [Q1] → 411 (+9) [Q2]
4% less capital invested
Capital invested by funds: $3.18B [Q1] → $3.07B (-$113M) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 141
13% less call options, than puts
Call options by funds: $244M | Put options by funds: $281M
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Barclays Christine Cho 62% 1-year accuracy 16 / 26 met price target | 24%upside $18 | Equal-Weight Maintained | 16 Oct 2024 |
Susquehanna Biju Perincheril 28% 1-year accuracy 15 / 53 met price target | 58%upside $23 | Positive Maintained | 16 Oct 2024 |
Jefferies Julien Dumoulin-Smith 69% 1-year accuracy 29 / 42 met price target | 99%upside $29 | Buy Maintained | 10 Oct 2024 |
Goldman Sachs Brian Lee 47% 1-year accuracy 16 / 34 met price target | 37%upside $20 | Buy Reiterated | 25 Sept 2024 |
Morgan Stanley Stephen Byrd 62% 1-year accuracy 31 / 50 met price target | 140%upside $35 | Overweight Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 10 articles about RUN published over the past 30 days