During the recent session, Sunrun Inc (NASDAQ:RUN)’s traded shares were 0.95 million, with the beta value of the company hitting 2.59. At the last check today, the stock’s price was $15.80, reflecting an intraday gain of 1.80% or $0.28. The 52-week high for the RUN share is $22.26, that puts it down -40.89 from that peak though still a striking 46.65% gain since the share price plummeted to a 52-week low of $8.43. The company’s market capitalization is $3.53B, and the average intraday trading volume over the past 10 days was 5.9 million shares, and the average trade volume was 9.85 million shares over the past three months.
Sunrun Inc (RUN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.93. RUN has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 16 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
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Sunrun Inc (NASDAQ:RUN) trade information
Sunrun Inc (RUN) registered a 1.80% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.80% in intraday trading to $15.80, hitting a weekly high. The stock’s 5-day price performance is -4.36%, and it has moved by -15.87% in 30 days. Based on these gigs, the overall price performance for the year is 28.46%. The short interest in Sunrun Inc (NASDAQ:RUN) is 45.09 million shares and it means that shorts have 6.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $30, which implies an increase of 47.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $82 respectively. As a result, RUN is trading at a discount of -418.99% off the target high and 5.06% off the low.
Sunrun Inc (RUN) estimates and forecasts
Statistics show that Sunrun Inc has outperformed its competitors in share price, compared to the industry in which it operates. Sunrun Inc (RUN) shares have gone up 35.74% during the last six months, with a year-to-date growth rate more than the industry average at 97.62% against -4.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 97.00% this quarter and then jump 86.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 567.28M as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 597.91M by the end of current fiscal year.
While earnings are projected to return 97.13% in 2024, the next five years will return -8.00% per annum.
RUN Dividends
Sunrun Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sunrun Inc (NASDAQ:RUN)’s Major holders
Sunrun Inc insiders own 2.59% of total outstanding shares while institutional holders control 117.04%, with the float percentage being 120.15%. BLACKROCK INC. is the largest shareholder of the company, while 589.0 institutions own stock in it. As of 2024-06-30, the company held over 41.4 million shares (or 18.8283% of all shares), a total value of $491.0 million in shares.
The next largest institutional holding, with 23.38 million shares, is of VANGUARD GROUP INC’s that is approximately 10.631% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $277.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sunrun Inc (RUN) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Aug 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 14.84 shares. This amounts to just over 6.64 percent of the company’s overall shares, with a $234.18 million market value. The same data shows that the other fund manager holds slightly less at 6.55, or about 2.93% of the stock, which is worth about $103.32 million.
