Sunrun Inc (NASDAQ:RUN) Share Price Recovers 3.51% From Its Lows, But Can It Maintain Its Rise?

In recent trading session, Sunrun Inc (NASDAQ:RUN) saw 2.11 million shares changing hands at last check today with its beta currently measuring 2.58. Company’s recent per share price level of $9.41 trading at $0.28 or 3.10% at last check today assigns it a market valuation of $2.11B. That most recent trading price of RUN’s stock is at a discount of -136.56% from its 52-week high price of $22.26 and is indicating a premium of 3.51% from its 52-week low price of $9.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.01 million shares which gives us an average trading volume of 9.02 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 2.00. 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.

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Sunrun Inc (NASDAQ:RUN) trade information

Upright in the green today for gaining 3.10%, in the last five days RUN remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $9.41 price level, adding 11.06% to its value on the day. Sunrun Inc’s shares saw a change of -52.05% in year-to-date performance and have moved -6.99% in past 5-day. Sunrun Inc (NASDAQ:RUN) showed a performance of -7.72% in past 30-days. Number of shares sold short was 48.18 million shares which calculate 3.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 52.95% to its recent value today. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would drop -16.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.9% 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 -30.69% of value to its shares in past 6 months, showing an annual growth rate of 96.64% while that of industry is -12.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 94.42% 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 2.48% of company’s total shares while institution are holding 111.12 percent of that, with stock having share float percentage of 113.93%. Investors also watch the number of corporate investors in a company very closely, which is 111.12% 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.