Sunrun Inc. (NASDAQ:RUN) had 5.13 million traded shares during the previous session, with the company’s beta value reaching 2.12. The stock ended the trading day at $53.00, up 4.93 percent or $2.49 from the previous day’s close. The RUN share has a 52-week high of $100.93, which is down -90.43 from that high but still represents a stunning 32.47 percent gain since the share price plunged to a 52-week low of $35.79. The stock has a market valuation of $10.99 billion, with an average intraday trading volume of 6.39 million shares over the last ten days and an average trade volume of 7.40 million shares for the last three months.
Sunrun Inc. (RUN) has received a Buy recommendation from analysts. This equates to a 1.80 average rating. Out of 19 analysts who have looked at RUN, 0 have given it a Sell recommendation. 2 analyst(s) advocate holding the stock, 1 recommends overweighting it, and 16 urge buying it. The stock has been rated Underweight by 0 analyst(s). The current quarter’s earnings per share (EPS) are expected to be -$0.08.
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Trade data for Sunrun Inc. (NASDAQ:RUN).
Sunrun Inc. (RUN) gained 4.93 percent in the most recent session and has been trading in the green for the past five sessions. This Wednesday, 07/21/21, the stock jumped 4.93 percent in intraday trade to $53.00, a new weekly high. The stock’s 5-day price performance is 8.83 percent, while its 30-day price performance is 5.68 percent. The overall pricing performance for the year is 35.97 percent based on these engagements. Sunrun Inc. (NASDAQ:RUN) has a short interest of 27.53 million shares, which indicates shorts have 5 days to cover.
Wall Street analysts’ consensus price target is $76.56, implying a 30.77 percent increase over the stock’s current price. The forecast’s extremes result in target low and high prices of $50.00 and $91.00, respectively. As a result, RUN is currently trading at a -71.7 percent discount to the target high and 5.66 percent discount to the target low.
Sunrun Inc. (RUN) forecasts and estimates
Sunrun Inc. has surpassed its competition in terms of share price when compared to the industry in which it works, according to statistics. Sunrun Inc. (RUN) shares have dropped 35.29 percent in the previous six months, with a year-to-date growth rate of 61.90 percent vs 7.20 percent for the industry. Analysts, on the other hand, are raising their growth forecasts for fiscal year 2021. Revenue is expected to rise 27.30 percent this quarter before falling -103.60 percent the next quarter. Revenue is expected to climb by 58.00 percent over the previous financial year, according to the rating firms’ predictions.
According to 17 analysts, revenue for the current quarter will be $366.56 million (s). Meanwhile, sales are expected to climb to $386.76 million by the end of September 2021, according to a consensus of 17 analysts. Sales for the comparable quarters reached $181.29 million and $209.76 million, respectively, according to the earnings report from the previous fiscal year’s results. In this situation, analysts estimate sales to increase by 102.20 percent in the current quarter and then by 84.40 percent in the next quarter.
According to a review of the company’s performance during the last five years, earnings have decreased by around -5.20 percent. While earnings are expected to decline by -684.20 percent in 2021, they are expected to increase by 47.82 percent each year over the next five years.
On August 5, Sunrun Inc. will report its next quarterly earnings. It’s crucial to remember, however, that the dividend yield ratio is only a guideline.
Sunrun Inc. (NASDAQ:RUN) major shareholders
Sunrun Inc. insiders own 3.72 percent of total outstanding shares, while institutional investors own 91.91 percent, with a 95.46 percent float. FMR, LLC is the company’s largest shareholder, with 604 institutions holding stock. The corporation had over 29.63 million shares (or 14.54 percent of all shares) as of December 30, 2020, for a total value of $2.06 billion.
Blackrock Inc. is the next largest institutional holding, accounting for approximately 11.60 percent of outstanding shares with 23.63 million shares. These shares were worth $1.64 billion at the market price on December 30, 2020.
Fidelity Select Portfolios – Technology and Vanguard Total Stock Market Index Fund are also the mutual funds with the greatest holdings of Sunrun Inc. (RUN) shares. Fidelity Select Portfolios – Technology has around 7.13 million shares, according to data from February 27, 2021. With a market value of $446.43 million, this represents just over 3.50 percent of the company’s total shares. According to the same data, the other fund manager owns 5.28 million shares, or 2.59 percent of the stock, which is worth $366.29 million.