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Tuesday, January 31, 2023

Analysts Point To Sunrun Inc. (NASDAQ: RUN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Sunrun Inc. (RUN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.04%, to $22.70. The Sunrun Inc. has recorded 54,704 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Sunrun Closes $835 Million Non-Recourse Financings to Support Continued Growth.


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Stocks Info

As a NASDAQ listed company, RUN falls under the Technology sector while operating within the Solar industry segment. At the end of the last regular session, the stock closed at $22.69 and fluctuated between $23.16 as its day high and $21.71 as its day low. The current market capitalization of Sunrun Inc. is $4.74B. A total of 6.69 million shares were traded on the day, compared to an average of 7.44M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RUN has seen 5 BUY and 10 SELL insider trades, representing the acquisition of 231,000 and the disposition of 233,902 shares. Over the last 12 months, there were 27 BUYs and 87 SELLs from insiders. Insiders purchased 1,268,771 shares during that period but sold 893,910.

In the most recent transaction, Abajian Danny sold 199 shares of RUN for 22.02 per share on Jan 06. After the transaction, the Chief Financial Officer now owns 148,149 company shares. In a previous transaction on Jan 06, Dickson Paul S. sold 178 shares at 22.08 per share. RUN shares that Chief Revenue Officer owns now total 154,358.

Among the insiders who sold shares, Fenster Edward Harris disposed of 100,000 shares on Jan 03 at a per-share price of $24.92. This resulted in the Co-Executive Chair holding 1,311,406 shares of RUN after the transaction. In another insider transaction, Fenster Edward Harris sold 153,464 shares at $23.59 per share on Dec 30. Company shares held by the Co-Executive Chair now total 1,411,406.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RUN in the last 3 months, the mean price target is $46.76 with high estimates of $72.00 and low estimates of $30.00. In terms of 52-week highs and lows, RUN has a high of $39.13 and a low of $16.80.

As of this writing, RUN has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.38 per share and a lower estimate of -$0.37. The company reported an EPS of -$0.42 in the last quarter, which was -110.00% lower than expectations of -$0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RUN is Sell with a score of 4.47. A total of 18 analysts rated the stock as Buy while 3 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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