Sunrun Inc (NASDAQ:RUN) Share Price Recovers 26.5% From Its Lows, But Can It Maintain Its Rise?

In recent trading session, Sunrun Inc (NASDAQ:RUN) saw 6.55 million shares changing hands at last check today with its beta currently measuring 2.59. Company’s recent per share price level of $12.00 trading at $0.1 or 0.84% at last check today assigns it a market valuation of $2.68B. That most recent trading price of RUN’s stock is at a discount of -85.5% from its 52-week high price of $22.26 and is indicating a premium of 26.5% from its 52-week low price of $8.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.59 million shares which gives us an average trading volume of 8.26 million if we extend that period to 3-months.

For Sunrun Inc (RUN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.89. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.14 in the current quarter.

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Sunrun Inc (NASDAQ:RUN) trade information

Upright in the green today for gaining 0.84%, in the last five days RUN remained trading in the red while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $12.00 price level, adding 29.16% to its value on the day. Sunrun Inc’s shares saw a change of -38.87% in year-to-date performance and have moved -16.96% in past 5-day. Sunrun Inc (NASDAQ:RUN) showed a performance of -27.93% in past 30-days. Number of shares sold short was 46.62 million shares which calculate 6.95 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 30 to the stock, which implies a rise of 60.0% to its recent value today. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 82. It follows that stock’s current price would drop -25.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.0% for stock’s current value.

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 lost -3.30% of value to its shares in past 6 months, showing an annual growth rate of 97.62% while that of industry is -18.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.70% 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 564.19M for the same. And 21 analysts are in estimates of company making revenue of 586.89M in the next quarter.

In 2024, company’s earnings growth rate is likely to be around 97.86% while estimates for its earnings growth in next 5 years are of -8.00%.

Sunrun Inc (NASDAQ:RUN)’s Major holders

Insiders are in possession of 2.53% of company’s total shares while institution are holding 117.08 percent of that, with stock having share float percentage of 120.11%. Investors also watch the number of corporate investors in a company very closely, which is 117.08% institutions for Sunrun Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at RUN for having 41.4 million shares of worth $491.0 million. And as of 2024-06-30, it was holding 18.8283 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 23.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.631 of outstanding shares, having a total worth of $277.24 million.