Sunrun Receives Sell Rating from Analysts

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Sunrun (NASDAQ:RUN), a leading provider of residential solar energy systems in the United States, has received a sell rating from research firm GLJ Research. Several other research firms have also recently issued reports on Sunrun, with a mix of buy, hold, and sell ratings, and price targets ranging from $19 to $25.

Why it matters

Sunrun's stock performance and analyst ratings are closely watched by investors, as the company is a major player in the growing residential solar energy market. The mixed analyst views on Sunrun's outlook could impact investor sentiment and the company's stock price.

The details

GLJ Research reaffirmed their sell rating on Sunrun's stock in a research report released on Friday. A number of other research firms have also recently issued reports on Sunrun, with Deutsche Bank setting a $19 price target, Oppenheimer raising their price target to $25, and Wells Fargo boosting their target to $21 and maintaining an 'overweight' rating. Overall, Sunrun currently has an average rating of 'Hold' and an average price target of $20.09 from the 22 analysts covering the stock.

• Sunrun released its latest quarterly earnings results on Thursday, February 26th.
• The research reports from the various firms were published over the past few months, from November 2022 to February 2023.