In today’s recent session, 2.5 million shares of the Sunrun Inc (NASDAQ:RUN) have been traded, and its beta is 2.59. Most recently the company’s share price was $21.43, and it changed around -$0.07 or -0.32% from the last close, which brings the market valuation of the company to $4.79B. RUN at last check was trading at a discount to its 52-week high of $21.68, offering almost -1.17% off that amount. The share price’s 52-week low was $8.43, which indicates that the recent value has risen by an impressive 60.66% since then. We note from Sunrun Inc’s average daily trading volume that its 10-day average is 8.6 million shares, with the 3-month average coming to 12.77 million.
Sunrun Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.87. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended RUN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Sunrun Inc is expected to report earnings per share of -0.12 for the current quarter.
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Sunrun Inc (NASDAQ:RUN) trade information
Instantly RUN has been showing red trend so far today with a performance of -0.32% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.08 on recent trading dayincreased the stock’s daily price by 2.94%. The company’s shares are currently up 9.18% year-to-date, but still up 5.78% over the last five days. On the other hand, Sunrun Inc (NASDAQ:RUN) is 20.00% up in the 30-day period. We can see from the shorts that 53.12 million shares have been sold at a short interest cover period of 3.66 day(s).
The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to increase their stock price by 28.57% from its current value. Analyst projections state that RUN is forecast to be at a low of $15 and a high of $82.
Sunrun Inc (RUN) estimates and forecasts
Sunrun Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 88.32 percent over the past six months and at a 93.70% annual growth rate that is well above the industry average of -7.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 97.60% in revenue this quarter, and will report an increase of 86.90% in the next quarter. The year-over-year growth rate is expected to be -6.70%, down from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 567.23M in revenue for the current quarter. 18 analysts expect Sunrun Inc to make 595.21M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 15.20%.
Sunrun Inc earnings are expected to increase by 95.39% in 2024, but the outlook is negative -8.00% per year for the next five years.
RUN Dividends
Sunrun Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.
Sunrun Inc (NASDAQ:RUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.59% of Sunrun Inc shares, and 118.07% of them are in the hands of institutional investors. The stock currently has a share float of 121.21%. Sunrun Inc stock is held by 592.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 18.8283% of the shares, which is about 41.4 million shares worth $491.0 million.
VANGUARD GROUP INC, with 10.631% or 23.38 million shares worth $277.24 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 14.36 shares worth $308.03 million, making up 6.42% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 6.49 shares worth around $139.18 million, which represents about 2.90% of the total shares outstanding.
