Sunrun stock hits 52-week high at 18.58 USD

Published 01/10/2025, 14:32
Sunrun stock hits 52-week high at 18.58 USD

Sunrun Inc, a prominent player in the solar energy sector, has seen its stock price reach a 52-week high of 18.32 USD, with the current price at 17.29 USD. According to InvestingPro data, the stock has demonstrated remarkable momentum with a 166.41% surge over the past six months. This milestone reflects a positive trend in the company’s market performance, though InvestingPro analysis indicates the stock is currently trading near its Fair Value. The stock’s ascent comes amidst a broader market focus on renewable energy solutions and increased investor interest in sustainable industries, despite operating with a significant debt burden of over $14 billion. While the company faces challenges, analysts expect improving net income this year. Over the past year, Sunrun’s stock has shown a slight decline of 1.2%, though recent momentum has been strong with a 7.73% gain in the past week. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis through the Pro Research Report. This upward movement highlights investor confidence in Sunrun’s strategic initiatives and its potential for future growth in the expanding renewable energy market, with the company maintaining a solid current ratio of 1.41 despite its challenging debt position.

In other recent news, Sunrun has been in the spotlight following its financial activities and analyst assessments. Goldman Sachs reiterated its Buy rating for Sunrun, maintaining a price target of $19. This follows the company’s recent securitization of $510 million in leases and power purchase agreements, marking its fifth issuance in 2025. Meanwhile, Barclays maintained an Equalweight rating with a $15 target, citing Sunrun’s strategic momentum and robust positioning through its storage-first approach. The investment bank also highlighted the favorable conditions for Sunrun’s solar Investment Tax Credit and storage strategy. In a broader context, the U.S. solar sector, including Sunrun, has seen positive movement as China’s solar sector shows signs of recovery. This recovery has led to a gradual price increase in the solar supply chain. However, Daiwa maintains a negative outlook on China’s solar sector despite a decline in inventory levels, noting stable photovoltaic glass prices and operational capacity.

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