In today’s recent session, 1.35 million shares of the Sunrun Inc (NASDAQ:RUN) have been traded, and its beta is 2.82. Most recently the company’s share price was $8.32, and it changed around -$0.15 or -1.77% from the last close, which brings the market valuation of the company to $1.87B. RUN at last check was trading at a discount to its 52-week high of $22.26, offering almost -167.55% off that amount. The share price’s 52-week low was $8.22, which indicates that the recent value has risen by an impressive 1.2% since then. We note from Sunrun Inc’s average daily trading volume that its 10-day average is 9.76 million shares, with the 3-month average coming to 9.90 million.
Sunrun Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.93. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 10 recommended RUN as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Sunrun Inc is expected to report earnings per share of -0.18 for the current quarter.
Sunrun Inc (NASDAQ:RUN) trade information
Instantly RUN has been showing red trend so far today with a performance of -1.77% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.31 on recent trading dayincreased the stock’s daily price by 10.63%. The company’s shares are currently down -10.05% year-to-date, but still down -5.45% over the last five days. On the other hand, Sunrun Inc (NASDAQ:RUN) is -22.60% down in the 30-day period. We can see from the shorts that 47.76 million shares have been sold at a short interest cover period of 5.5 day(s).
The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 69.19% from its current value. Analyst projections state that RUN is forecast to be at a low of $11 and a high of $35.
Sunrun Inc (RUN) estimates and forecasts
The year-over-year growth rate is expected to be -9.17%, down from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 541.05M in revenue for the current quarter. 16 analysts expect Sunrun Inc to make 517.27M 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 4.73%. Forecasts for the next quarter put sales growth at 12.89%.
Sunrun Inc earnings are expected to increase by 94.08% in 2025, but the outlook is positive 52.46% per year for the next five years.
RUN Dividends
Sunrun Inc’s next quarterly earnings report is expected to be released in March.
Sunrun Inc (NASDAQ:RUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.52% of Sunrun Inc shares, and 107.88% of them are in the hands of institutional investors. The stock currently has a share float of 110.67%. Sunrun Inc stock is held by 576.0 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.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 14.46 shares worth $120.9 million, making up 6.45% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 6.63 shares worth around $55.43 million, which represents about 2.96% of the total shares outstanding.
