Sunrun Inc (NASDAQ: RUN) Is One Stock You Should Watch

Sunrun Inc (NASDAQ:RUN)’s traded shares stood at 8.2 million during the last session, with the company’s beta value hitting 2.59. At the close of trading, the stock’s price was $14.37, to imply an increase of 2.64% or $0.37 in intraday trading. The RUN share’s 52-week high remains $22.26, putting it -54.91% down since that peak but still an impressive 41.34% since price per share fell to its 52-week low of $8.43. The company has a valuation of $3.21B, with an average of 7.11 million shares in intraday trading volume over the past 10 days and average of 8.31 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Sunrun Inc (RUN), translating to a mean rating of 1.93. Of 19 analyst(s) looking at the stock, 0 analyst(s) give RUN a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 16 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.

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Sunrun Inc (NASDAQ:RUN) trade information

After registering a 2.64% upside in the last session, Sunrun Inc (RUN) has traded red over the past five days. The 5-day price performance for the stock is -1.64%, and -22.58% over 30 days. With these gigs, the year-to-date price performance is -26.80%. Short interest in Sunrun Inc (NASDAQ:RUN) saw shorts transact 45.09 million shares and set a 6.4 days time to cover.

The extremes give us $15 and $82 for target low and target high price respectively. As such, RUN has been trading -470.63% off suggested target high and -4.38% from its likely low.

Sunrun Inc (RUN) estimates and forecasts

Looking at statistics comparing Sunrun Inc share performance against respective industry, we note that the company has outperformed competitors. Sunrun Inc (RUN) shares are 39.65% up over the last 6 months, with its year-to-date growth rate higher than industry average at 97.62% against -15.60%. Revenue is forecast to grow 97.20% this quarter before jumping 87.50% for the next one. The rating firms project that company’s revenue will shrink -6.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 21 analysts is 564.86M. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 588.42M.

RUN Dividends

Sunrun Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Sunrun Inc (NASDAQ:RUN)’s Major holders

Sunrun Inc insiders hold 2.54% of total outstanding shares, with institutional holders owning 117.80% of the shares at 120.87% float percentage. In total, 117.80% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 41.4 million shares (or 18.8283% of shares), all amounting to roughly $491.0 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 23.38 million shares, or about 10.631% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $277.24 million.

We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Sunrun Inc (RUN) shares. Going by data provided on Sep 30, 2024 , iShares Core S&P Smallcap ETF holds roughly 14.19 shares. This is just over 6.35% of the total shares, with a market valuation of $203.97 million. Data from the same date shows that the other fund manager holds a little less at 6.55, or 2.93% of the shares, all valued at about 94.09 million.