Sunrun Inc. [RUN] is -27.00% lower this YTD. Is it still time to buy?

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Sunrun Inc. [NASDAQ: RUN] price plunged by -4.81 percent to reach at -$2.56. The company report on November 4, 2021 that Sunrun Reports Third Quarter 2021 Financial Results.

Customer Additions of 30,698 in Q3, Bringing Total Customers to 630,441, 20% year-over-year growth in Customers pro-forma for Vivint Solar.


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Net Subscriber Value of $7,605 in Q3, an increase of $2,031 from Q2.

A sum of 4627824 shares traded at recent session while its average daily volume was at 5.28M shares. Sunrun Inc. shares reached a high of $52.95 and dropped to a low of $49.06 until finishing in the latest session at $50.65.

The one-year RUN stock forecast points to a potential upside of 31.05. The average equity rating for RUN stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Sunrun Inc. [RUN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RUN shares is $73.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RUN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Sunrun Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 01, 2021. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on September 10, 2021, representing the official price target for Sunrun Inc. stock. Previously, the target price had yet another raise to $62, while Wolfe Research analysts kept a Outperform rating on RUN stock.

The Average True Range (ATR) for Sunrun Inc. is set at 3.19, with the Price to Sales ratio for RUN stock in the period of the last 12 months amounting to 6.70. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 3.63.

RUN Stock Performance Analysis:

Sunrun Inc. [RUN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.52. With this latest performance, RUN shares dropped by -6.60% in over the last four-week period, additionally plugging by 11.93% over the last 6 months – not to mention a drop of -20.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RUN stock in for the last two-week period is set at 42.86, with the RSI for the last a single of trading hit 36.56, and the three-weeks RSI is set at 46.62 for Sunrun Inc. [RUN]. The present Moving Average for the last 50 days of trading for this stock 50.09, while it was recorded at 53.25 for the last single week of trading, and 51.12 for the last 200 days.

Insight into Sunrun Inc. Fundamentals:

Sunrun Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

RUN Stock EPS

With the latest financial reports released by the company, Sunrun Inc. posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1,300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunrun Inc. go to 47.82%.

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Sunrun Inc. [RUN] Insider Position Details

There are presently around $10,285 million, or 98.50% of RUN stock, in the hands of institutional investors. The top three institutional holders of RUN stocks are: BLACKROCK INC. with ownership of 25,816,561, which is approximately 11.936% of the company’s market cap and around 1.80% of the total institutional ownership; FMR LLC, holding 21,494,912 shares of the stock with an approximate value of $1.09 billion in RUN stocks shares; and VANGUARD GROUP INC, currently with $903.76 million in RUN stock with ownership of nearly 4.215% of the company’s market capitalization.

288 institutional holders increased their position in Sunrun Inc. [NASDAQ:RUN] by around 31,341,056 shares. Additionally, 179 investors decreased positions by around 19,628,279 shares, while 73 investors held positions by with 152,082,462 shares. The mentioned changes placed institutional holdings at 203,051,797 shares, according to the latest SEC report filing. RUN stock had 67 new institutional investments in for a total of 5,554,888 shares, while 66 institutional investors sold positions of 3,534,444 shares during the same period.

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