Tag Archives: run

IPO Newbie Sunrun Pitted Against Leader SolarCity

Recent IPO Sunrun (RUN) will eclipse No. 1 residential solar installer SolarCity (SCTY) in terms of net present value by 2017, a Morgan Stanley analyst wrote in a research report Tuesday. Stephen Byrd initiated coverage on Sunrun stock with an overweight rating and a price target of 23. Morgan Stanley is at least the fifth investment bank to initiate Sunrun coverage since the company filed its IPO last month. Goldman Sachs and Bank of America rate

Sunrun Gets Upbeat Reviews As Analysts Start Coverage

Several analysts began coverage of residential solar power company Sunrun (RUN) with buy or outperform ratings, following the end of the IPO’s quiet period. Sunrun stock was up 2% in midday trading on the stock market today, near 12 and at its highest point since the company’s Aug. 5 debut. Sunrun raised $251 million after pricing its initial public offering at 14, the midpoint of its estimated range. But Sunrun stock fell 23% on its first day of

Sunrun IPO Fails To Light Up Residential Solar Market

Solar installation company Sunrun (RUN) fell sharply in its market debut Wednesday after pricing its initial public offering at 14, the midpoint of its estimated range. Sunrun stock opened near 13 then fell further. The stock was down 14.4% to 11.98 in late morning trading on the stock market today. Sunrun raised $251 million with its late Tuesday IPO. San Francisco-based Sunrun follows the October 2014 IPO of competitor Vivint Solar (VSLR), which