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Are we looking at the next big move in Sunrun Inc (RUN)?

Sunrun Inc (NASDAQ: RUN) is -40.30% lower on its value in year-to-date trading and has touched a low of $8.43 and a high of $23.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RUN stock was last observed hovering at around $12.74 in the last trading session, with the day’s loss setting it -1.02%.

Currently trading at $11.72, the stock is 2.09% and -11.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.74 million and changing -8.01% at the moment leaves the stock -19.40% off its SMA200. RUN registered -37.82% loss for a year compared to 6-month loss of -6.69%. The firm has a 50-day simple moving average (SMA 50) of $5.74 and a 200-day simple moving average (SMA200) of -$8.59.

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The stock witnessed a -3.78% gain in the last 1 month and extending the period to 3 months gives it a -40.30%, and is 7.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.49% over the week and 7.51% over the month.

Sunrun Inc (RUN) has around 10833 employees, a market worth around $2.57B and $2.26B in sales. Profit margin for the company is -70.98%. Distance from 52-week low is 39.02% and -50.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.16%).

Sunrun Inc quarterly earnings per share for the current quarter are estimated at -$0.45 with sales reaching $480.01M over the same period.The EPS is expected to grow by 87.29% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -18.60% in year-over-year returns.

Sunrun Inc (RUN) Top Institutional Holders

571 institutions hold shares in Sunrun Inc (RUN), with institutional investors hold 108.66% of the company’s shares. The shares outstanding are 219.39M, and float is at 213.34M with Short Float at 20.51%. Institutions hold 105.81% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 32.74 million shares valued at $584.82 million. The investor’s holdings represent 15.08% of the RUN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 19.28 million shares valued at $344.32 million to account for 8.88% of the shares outstanding. The other top investors are Orbis Allan Gray Ltd which holds 14.0 million shares representing 6.44% and valued at over $249.99 million, while Grantham, Mayo, Van Otterloo & Co. LLC holds 4.80% of the shares totaling 10.43 million with a market value of $186.34 million.

Sunrun Inc (RUN) Insider Activity

The most recent transaction is an insider sale by Jurich Lynn Michelle,the company’sDirector. SEC filings show that Jurich Lynn Michelle sold 2,836 shares of the company’s common stock on Mar 18 ’24 at a price of $10.01 per share for a total of $28378.0. Following the sale, the insider now owns 1.4 million shares.

Sunrun Inc disclosed in a document filed with the SEC on Mar 18 ’24 that STEELE JEANNA (Chief Legal & People Officer) sold a total of 805 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $10.02 per share for $8062.0. Following the transaction, the insider now directly holds 0.24 million shares of the RUN stock.

Still, SEC filings show that on Mar 18 ’24, Abajian Danny (Chief Financial Officer) disposed off 402 shares at an average price of $10.03 for $4030.0. The insider now directly holds 181,576 shares of Sunrun Inc (RUN).

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