Sunrun Down on SVB Connection

By Ken Smith • Friday, March 10 14:03 • Permanent Link

RUN investors were likely spooked this afternoon by Barrons's report: "SVB Financial Group , shut down by regulators on Friday after a run on deposits, is known for its close partnerships with tech companies. But it's also a lender to clean energy firms, including Sunrun ( ticker: RUN ) , the largest residential solar developer in the U.S." For more coverage, read the full article here. On the back of this news, Sunrun sank -4.93% to a price of $22.48. Are the markets overreacting?

Sunrun Inc. is dedicated to the design, development, installation, sale, ownership and maintenance of residential solar energy systems in the United States. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 20.49 and an average price to book (P/B) ratio of 3.78. In contrast, Sunrun has a trailing 12 month P/E ratio of 28.81 and a P/B ratio of 1.054.

Sunrun has moved -22.49% over the last year compared to -6.8% for the S&P 500 -- a difference of -15.69%. Sunrun has a 52 week high of $39.13 and a 52 week low of $16.8. At today's price of $22.48 per share, Sunrun is -46.62% away from its target price of $42.1, and on average, analysts give the stock a rating of buy. 18% of the company's shares are linked to short positions, and 95% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.