In the latest trading session, 2.57 million Sunrun Inc (NASDAQ:RUN) shares changed hands as the company’s beta touched 2.58. With the company’s most recent per share price at $20.32 changing hands around $0.92 or 4.73% at last look, the market valuation stands at $4.54B. RUN’s current price is a discount, trading about -1.77% off its 52-week high of $20.68. The share price had its 52-week low at $8.43, which suggests the last value was 58.51% up since then. When we look at Sunrun Inc’s average trading volume, we note the 10-day average is 11.71 million shares, with the 3-month average coming to 12.95 million.
Analysts gave the Sunrun Inc (RUN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.87. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended RUN as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight.
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Sunrun Inc (NASDAQ:RUN) trade information
Instantly RUN is in green as seen in intraday trades today. With action 17.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.50%, with the 5-day performance at 17.24% in the green. However, in the 30-day time frame, Sunrun Inc (NASDAQ:RUN) is 19.87% up. Looking at the short shares, we see there were 53.12 million shares sold at short interest cover period of 3.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 32.27% from its recent market value. According to analyst projections, RUN’s forecast low is 15 with 82 as the target high. To hit the forecast high, the stock’s price needs a -303.54% plunge from its current level, while the stock would need to tank 26.18% for it to hit the projected low.
Sunrun Inc (RUN) estimates and forecasts
Data shows that the Sunrun Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 23.74% over the past 6 months, a 93.28% in annual growth rate that is considerably higher than the industry average of -7.50%.
The 2024 estimates are for Sunrun Inc earnings to increase by 95.16%, but the outlook for the next 5-year period is at -8.00% per year.
RUN Dividends
Sunrun Inc is expected to release its next quarterly earnings report on 2024-Oct-30.
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 117.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 120.92%. There are 117.75% institutions holding the Sunrun Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 18.0092% of the shares, roughly 39.6 million RUN shares worth $521.91 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.1532% or 22.33 million shares worth $294.24 million as of 2024-03-31.
Among Mutual Funds, the top two as of Jun 30, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 14.36 shares estimated at $294.82 million under it, the former controlled 6.42% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.90% of the shares, roughly 6.49 shares worth around $133.21 million.
