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Tuesday, September 26, 2023

The Question Is Whether To Buy Or Not To Buy Sunrun Inc. (NASDAQ: RUN)

After Hours

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. After-hours trades for Sunrun Inc. (RUN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.35%, to $14.21. The Sunrun Inc. has recorded 150,477 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sunrun Reports Second Quarter 2023 Financial Results.

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Stocks Info

Sunrun Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Solar industry. At the end of the last regular session, the stock closed at $14.16 and fluctuated between $14.75 as its day high and $14.03 as its day low. The current market capitalization of Sunrun Inc. is $3.18B. A total of 7.47 million shares were traded on the day, compared to an average of 9.07M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RUN has seen 6 BUY and 12 SELL insider trades, representing the acquisition of 83,648 and the disposition of 88,949 shares. Over the last 12 months, there were 37 BUYs and 92 SELLs from insiders. Insiders purchased 1,371,397 shares during that period but sold 1,064,152.

In the most recent transaction, Powell Mary sold 2,994 shares of RUN for 15.16 per share on Sep 06. After the transaction, the Chief Executive Officer now owns 407,906 company shares. In a previous transaction on Sep 06, Fenster Edward Harris sold 2,508 shares at 15.15 per share. RUN shares that Director owns now total 1,255,817.

Among the insiders who sold shares, Dickson Paul S. disposed of 2,476 shares on Sep 06 at a per-share price of $15.15. This resulted in the Chief Revenue Officer holding 310,185 shares of RUN after the transaction. In another insider transaction, STEELE JEANNA sold 2,233 shares at $15.15 per share on Sep 06. Company shares held by the Chief Legal & People Officer now total 249,953.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RUN in the last 3 months, the mean price target is $33.45 with high estimates of $60.00 and low estimates of $12.74. In terms of 52-week highs and lows, RUN has a high of $39.13 and a low of $13.30.

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 19 estimates, with a high estimate of $0.56 per share and a lower estimate of -$0.66. The company reported an EPS of -$1.12 in the last quarter, which was -761.50% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RUN’s latest balance sheet shows that the firm has $617.63M in Cash & Short Term Investments as of fiscal 2021. There were $6.85B in debt and $1.01B in liabilities at the time. Its Book Value Per Share was $30.54, while its Total Shareholder’s Equity was $7.57B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.68.

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