Sunrun Inc (RUN) Will Continue To Grow In 2024.

In the last trading session, 13.11 million Sunrun Inc (NASDAQ:RUN) shares changed hands as the company’s beta touched 2.52. With the company’s per share price at $15.82 changed hands at $0.38 or 2.46% during last session, the market valuation stood at $3.45B. RUN’s last price was a discount, traded about -64.35% off its 52-week high of $26.00. The share price had its 52-week low at $8.43, which suggests the last value was 46.71% up since then. When we look at Sunrun Inc’s average trading volume, we note the 10-day average is 14.69 million shares, with the 3-month average coming to 0.91.

Sunrun Inc (NASDAQ:RUN) trade information

Instantly RUN was in green as seen at the end of in last trading. With action 10.32%, the performance over the past five days has been green. The jump to weekly highs of 16.09 added 2.46% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.41%, with the 5-day performance at 10.32% in the green. However, in the 30-day time frame, Sunrun Inc (NASDAQ:RUN) is -3.00% down. Looking at the short shares, we see there were 34.05 million shares sold at short interest cover period of 2.51 days.

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Sunrun Inc (RUN) estimates and forecasts

Data shows that the Sunrun Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.78% over the past 6 months, a -820.00% in annual growth rate that is considerably lower than the industry average of 7.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.36%. The 2024 estimates are for Sunrun Inc earnings to decrease by -838.41%, but the outlook for the next 5-year period is at -8.00% per year.

Sunrun Inc (NASDAQ:RUN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.62% of Sunrun Inc shares while 102.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.95%. There are 102.21% institutions holding the Sunrun Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 15.08% of the shares, roughly 32.74 million RUN shares worth $584.82 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 8.88% or 19.28 million shares worth $344.32 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 6.79 million shares estimated at $85.31 million under it, the former controlled 3.13% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.93% of the shares, roughly 6.36 million shares worth around $113.53 million.

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