Sunrun Inc (NASDAQ: RUN) stock jumped 4.29% on Friday to $11.67 against a previous-day closing price of $11.19. With 9.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.53 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $11.69 whereas the lowest price it dropped to was $10.83. The 52-week range on RUN shows that it touched its highest point at $33.33 and its lowest point at $8.43 during that stretch. It currently has a 1-year price target of $20.03. Beta for the stock currently stands at 2.43.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RUN was up-trending over the past week, with a rise of 23.62%, but this was up by 10.30% over a month. Three-month performance dropped to -15.43% while six-month performance fell -20.23%. The stock lost -62.75% in the past year, while it has lost -51.42% so far this year. A look at the trailing 12-month EPS for RUN yields -5.50 with Next year EPS estimates of -1.00. For the next quarter, that number is -0.24. This implies an EPS growth rate of -737.86% for this year and 80.38% for next year. EPS is expected to decline by -8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.36%.
Float and Shares Shorts:
At present, 214.18 million RUN shares are outstanding with a float of 211.47 million shares on hand for trading. On Oct 30, 2023, short shares totaled 59.88 million, which was 27.48% higher than short shares on Sep 28, 2023. In addition to Mr. Edward Harris Fenster as the firm’s Co-Founder & Executive Co-Chair of the Board, Ms. Lynn Michelle Jurich serves as its Co-Founder, Executive Co-Chair of the Board.
Institutional Ownership:
Through their ownership of 100.87% of RUN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.10% of RUN, in contrast to 41.27% held by mutual funds. Shares owned by individuals account for 27.32%. As the largest shareholder in RUN with 9.97% of the stake, BlackRock Fund Advisors holds 21,648,798 shares worth 21,648,798. A second-largest stockholder of RUN, The Vanguard Group, Inc., holds 19,100,153 shares, controlling over 8.79% of the firm’s shares. Grantham, Mayo, Van Otterloo & Co is the third largest shareholder in RUN, holding 14,182,106 shares or 6.53% stake. With a 4.71% stake in RUN, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 10,225,284 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.09% of RUN stock, is the second-largest Mutual Fund holder. It holds 6,707,037 shares valued at 64.72 million. Vanguard Total Stock Market ETF holds 2.97% of the stake in RUN, owning 6,449,447 shares worth 62.24 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RUN analysts setting a high price target of $43.00 and a low target of $10.00, the average target price over the next 12 months is $20.03. Based on these targets, RUN could surge 268.47% to reach the target high and fall by -14.31% to reach the target low. Reaching the average price target will result in a growth of 71.64% from current levels.
Summary of Insider Activity:
Insiders traded RUN stock several times over the past three months with 2 Buys and 13 Sells. In these transactions, 2,354 shares were bought while 26,370 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 87 over the past year. The total number of shares bought during that period was 1,163,691 while 917,511 shares were sold.
