Sunrun Inc (NASDAQ:RUN)’s traded shares stood at 12.62 million during the last session, with the company’s beta value hitting 2.53. At the close of trading, the stock’s price was $10.27, to imply an increase of 5.44% or $0.53 in intraday trading. The RUN share’s 52-week high remains $22.26, putting it -116.75% down since that peak but still an impressive 12.17% since price per share fell to its 52-week low of $9.02. The company has a valuation of $2.30B, with an average of 16.09 million shares in intraday trading volume over the past 10 days and average of 8.50 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 2.03. 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 -0.1.
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Sunrun Inc (NASDAQ:RUN) trade information
After registering a 5.44% 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 -13.70%, and -31.94% over 30 days. With these gigs, the year-to-date price performance is -47.68%. Short interest in Sunrun Inc (NASDAQ:RUN) saw shorts transact 45.05 million shares and set a 6.71 days time to cover.
The extremes give us $11 and $82 for target low and target high price respectively. As such, RUN has been trading -698.44% off suggested target high and -7.11% 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 -15.05% down over the last 6 months, with its year-to-date growth rate higher than industry average at 95.52% against -18.60%. Revenue is forecast to grow 92.25% this quarter before jumping 19.79% for the next one. The rating firms project that company’s revenue will shrink -9.09% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is 549.06M. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 536.71M.Earnings reports from the last fiscal year show that sales brought in 516.59M and 458.19M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.29% before jumping 17.14% in the following quarter.
RUN Dividends
Sunrun Inc has its next earnings report out in December. 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 2.52% of total outstanding shares, with institutional holders owning 117.28% of the shares at 120.31% float percentage. In total, 117.28% 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.
