In last trading session, Sunrun Inc (NASDAQ:RUN) saw 14.75 million shares changing hands with its beta currently measuring 2.46. Company’s recent per share price level of $12.29 trading at -$0.73 or -5.61% at ring of the bell on the day assigns it a market valuation of $2.70B. That closing price of RUN’s stock is at a discount of -94.06% from its 52-week high price of $23.85 and is indicating a premium of 31.41% from its 52-week low price of $8.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.85 million shares which gives us an average trading volume of 14.71 million if we extend that period to 3-months.
Sunrun Inc (NASDAQ:RUN) trade information
Upright in the red during last session for losing -5.61%, in the last five days RUN remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $12.29 price level, adding 5.9% to its value on the day. Sunrun Inc’s shares saw a change of -37.39% in year-to-date performance and have moved -0.97% in past 5-day. Sunrun Inc (NASDAQ:RUN) showed a performance of 2.25% in past 30-days. Number of shares sold short was 43.75 million shares which calculate 2.75 days to cover the short interests.
Sunrun Inc (RUN) estimates and forecasts
Statistics highlight that Sunrun Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 17.05% of value to its shares in past 6 months, showing an annual growth rate of 76.33% while that of industry is 3.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 58.90% in the current quarter and calculating -216.00% decrease in the next quarter. This year revenue growth is estimated to fall -0.50% from the last financial year’s standing.
21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $474.29 million for the same. And 20 analysts are in estimates of company making revenue of $555.75 million in the next quarter that will end on Jun 2024.
In 2024, company’s earnings growth rate is likely to be around 85.12% while estimates for its earnings growth in next 5 years are of -8.00%.
RUN Dividends
Sunrun Inc is more likely to be releasing its next quarterly report between May 01 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Sunrun Inc (NASDAQ:RUN)’s Major holders
Insiders are in possession of 2.62% of company’s total shares while institution are holding 105.81 percent of that, with stock having share float percentage of 108.66%. Investors also watch the number of corporate investors in a company very closely, which is 105.81% institutions for Sunrun Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at RUN for having 32.74 million shares of worth $584.82 million. And as of Jun 29, 2023, it was holding 15.08% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 19.28 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.88% of outstanding shares, having a total worth of $344.32 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 6.79 million shares of worth $85.31 million or 3.13% of the total outstanding shares. The later fund manager was in possession of 6.36 million shares on Jun 29, 2023, making its stake of worth around $113.53 million in the company or a holder of 2.93% of company’s stock.
