In the last trading session, 13.55 million shares of the Sunrun Inc (NASDAQ:RUN) were traded, and its beta was 2.57. Most recently the company’s share price was $9.89, and it changed around -$1.02 or -9.35% from the last close, which brings the market valuation of the company to $2.01B. RUN currently trades at a discount to its 52-week high of $22.26, offering almost -125.08% off that amount. The share price’s 52-week low was $9.23, which indicates that the current value has risen by an impressive 6.67% since then. We note from Sunrun Inc’s average daily trading volume that its 10-day average is 18.26 million shares, with the 3-month average coming to 8.68 million.

Sunrun Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 10 recommended RUN as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Sunrun Inc is expected to report earnings per share of -0.1 for the current quarter.

Sunrun Inc (NASDAQ:RUN) trade information

Instantly RUN has showed a red trend with a performance of -9.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.59 on recent trading dayincreased the stock’s daily price by 14.67%. The company’s shares are currently down -49.62% year-to-date, but still down -3.32% over the last five days. On the other hand, Sunrun Inc (NASDAQ:RUN) is -32.12% down in the 30-day period. We can see from the shorts that 45.05 million shares have been sold at a short interest cover period of 6.71 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 67.03% from its current value. Analyst projections state that RUN is forecast to be at a low of $11 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 fallen -16.82 percent over the past six months and at a 95.10% annual growth rate that is well above the industry average of -18.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 92.25% in revenue this quarter, and will report an increase of 21.98% in the next quarter. The year-over-year growth rate is expected to be -9.06%, down from the previous year.

Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 549.06M in revenue for the current quarter. 15 analysts expect Sunrun Inc to make 537.21M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 516.59M and 458.19M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.29%. Forecasts for the next quarter put sales growth at 17.25%.

Sunrun Inc earnings are expected to increase by 94.48% 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 in December.

Sunrun Inc (NASDAQ:RUN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.52% of Sunrun Inc shares, and 111.57% of them are in the hands of institutional investors. The stock currently has a share float of 114.45%. Sunrun Inc stock is held by 616.0 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.