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RUN $10.25

RUN target price
10.25
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Sunrun Inc.
Type
Public
Traded as NASDAQ: RUN
Industry Solar Energy
Founded 2007
Headquarters San Francisco, California
Key people
Lynn Jurich, Chief Executive Officer (CEO)
Edward Fenster, Chairman.
Website www.sunrun.com

Sunrun Inc. (NASDAQ: RUN) is a United States-based provider of residential solar electricity, headquartered in San Francisco, California.

Sunrun was co-founded in January 2007 by Lynn Jurich, Ed Fenster, and Nat Kreamer with a business model in which it offered customers either a lease or a Power Purchase Agreement (PPA) business model whereby homeowners paid for electricity usage but did not buy solar panels outright, reducing the initial capital outlay required by the homeowner. Sunrun is responsible for installation, maintenance, monitoring and repairs.

The company raised $12 million in venture capital funding from a group of investors including Foundation Capital in June 2008. In 2009, Sunrun closed a Series B round of funding for $18 million led by Accel Partners and joined by Foundation Capital. The company also received an additional commitment of $90 million in tax equity from U.S. Bancorp in 2009, following the $105 million in project financing from the bank in 2008. In June 2010, Sunrun struck a deal with PG&E for $100 million. Following the deal, the company announced $55 million in fresh capital from Sequoia Capital.

In May 2014, the company raised $150 million.

In 2015 Sunrun went public (NASDAQ: RUN) at $14 per share, with an initial market capitalization of $1.36 billion and launched its BrightBox product in the state of Hawaii. The next year it started selling BrightBox in California.

In January 2017, Sunrun announced a strategic partnership with National Grid PLC .

The Wall Street Journal reported in May 2017 that the Securities and Exchange Commission (SEC) was investigating Sunrun and SolarCity, with regard to whether they adequately disclosed canceled contracts, a metric that the paper said is used by investors use to gauge how well such companies are performing. In 2017, cancellations of contracts with Sunrun were around 40%.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-21 Reiterated Rating Barclays Equal Weight $7.00
2016-06-21 Reiterated Rating Barclays PLC Equal Weight $7.00
2016-06-20 Initiated Coverage Oppenheimer Outperform $8.00
2016-06-20 Initiated Coverage Oppenheimer Holdings Inc. Outperform $8.00
2016-06-08 Reiterated Rating Credit Suisse Buy
2016-06-08 Reiterated Rating Credit Suisse Group AG Buy
2016-05-29 Upgrade Deutsche Bank Buy
2016-05-29 Upgrade Deutsche Bank AG Buy
2016-05-14 Reiterated Rating Credit Suisse Buy
2016-05-14 Reiterated Rating Morgan Stanley Buy
2016-05-03 Initiated Coverage Guggenheim Buy $14.00
2016-05-02 Lower Price Target Credit Suisse Outperform $21.00 to $18.00
2016-03-28 Reiterated Rating Credit Suisse Outperform $21.00
2016-03-20 Reiterated Rating Goldman Sachs Hold $7.00
2016-03-20 Reiterated Rating Goldman Sachs Group Inc. Hold $7.00
2016-03-17 Reiterated Rating Deutsche Bank Buy $15.00
2016-03-14 Lower Price Target Morgan Stanley Overweight $28.00 to $19.00
2016-03-13 Lower Price Target Goldman Sachs Neutral $9.50 to $7.00
2016-03-11 Lower Price Target Credit Suisse Outperform $35.00 to $21.00
2016-03-09 Initiated Coverage Deutsche Bank Buy $15.00
2016-03-02 Reiterated Rating Morgan Stanley Overweight
2016-02-11 Downgrade Barclays Overweight to Equal Weight $12.00 to $7.00
2016-01-22 Initiated Coverage Barclays Overweight $12.00
2016-01-05 Downgrade Goldman Sachs Buy to Neutral $15.00
2015-12-22 Boost Price Target Credit Suisse Outperform $20.00 to $35.00
2015-12-21 Boost Price Target Morgan Stanley Overweight $23.00 to $28.00
2015-12-17 Upgrade KeyBanc Sector Weight to Overweight $11.63 to $16.00
2015-12-17 Upgrade KeyCorp Sector Weight to Overweight $11.63 to $16.00
2015-11-03 Reiterated Rating Morgan Stanley Buy
2015-10-21 Initiated Coverage KeyBanc Sector Weight
2015-10-02 Reiterated Rating Credit Suisse Outperform $20.00
2015-09-08 Initiated Coverage Morgan Stanley Overweight to Overweight
2015-08-31 Initiated Coverage Goldman Sachs Buy $17.00
2015-08-31 Initiated Coverage Bank of America Buy $17.00
2015-08-31 Initiated Coverage Credit Suisse Outperform
2015-08-31 Initiated Coverage RBC Capital Outperform $16.00 to $16.00
2015-08-31 Initiated Coverage Bank of America Corp. Buy $17.00
2015-08-31 Initiated Coverage Royal Bank Of Canada Outperform $16.00 to $16.00
2016-06-21 Reiterated Rating Barclays Equal Weight $7.00
2016-06-21 Reiterated Rating Barclays PLC Equal Weight $7.00
2016-06-20 Initiated Coverage Oppenheimer Outperform $8.00
2016-06-20 Initiated Coverage Oppenheimer Holdings Inc. Outperform $8.00
2016-06-08 Reiterated Rating Credit Suisse Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks