Sunrun Inc. [RUN] moved down -2.58: Why It’s Important



Sunrun Inc. [NASDAQ: RUN] plunged by -$0.88 during the normal trading session on Tuesday and reaching a high of $34.50 during the day while it closed the day at $33.27. The company report on December 14, 2021 that Edward Fenster, Sunrun’s co-Founder and co-Executive Chairman, Issues Statement Responding to Draft Proposed Changes to California’s Net Energy Metering Program.

Fenster says the Proposal “represents California politics at its worst and loses sight of what constituents want — innovation, control, and fast solutions — in favor of propping up failed and stodgy incumbents.”.

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Fenster summarizes, “While we appreciate the CPUC’s efforts to encourage battery adoption, the Proposed Decision is contrary to the state’s objectives of addressing climate change and eliminating frequent blackouts. We believe the solar-customer fixed fees averaging about $700 per year are in violation of the Public Utility Regulatory Policies Act of 1978 (“PURPA”). If adopted, the proposal will cost tens of thousands of jobs, especially among the thousands of solar companies unable to offer battery storage solutions due to supply shortages. The proposal is contrary both to what Californians have clearly said they want and to editorials in all major California newspapers. Finally, the proposed reduction to grandfathering for existing customers is an outrageous violation of trust and undermines the Commission’s stated interest in consumer protection.”.

Sunrun Inc. stock has also gained 5.82% of its value over the past 7 days. However, RUN stock has declined by -22.54% in the 3 months of the year. Over the past six months meanwhile, it has lost -41.54% and lost -52.05% year-on date.

The market cap for RUN stock reached $6.92 billion, with 206.10 million shares outstanding and 198.40 million shares in the current float. Compared to the average trading volume of 5.45M shares, RUN reached a trading volume of 2841012 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $72.61 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.

KeyBanc Capital Markets have made an estimate for Sunrun Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on December 20, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on October 01, 2021, representing the official price target for Sunrun Inc. stock. Previously, the target price had yet another raise to $75, while Needham analysts kept a Buy rating on RUN stock.

The Average True Range (ATR) for Sunrun Inc. is set at 2.94, with the Price to Sales ratio for RUN stock in the period of the last 12 months amounting to 4.63. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 3.45.

RUN stock trade performance evaluation

Sunrun Inc. [RUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.82. With this latest performance, RUN shares dropped by -29.82% in over the last four-week period, additionally sinking by -41.54% over the last 6 months – not to mention a drop of -50.99% 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 32.47, with the RSI for the last a single of trading hit 31.56, and the three-weeks RSI is set at 34.58 for Sunrun Inc. [RUN]. The present Moving Average for the last 50 days of trading for this stock 47.95, while it was recorded at 34.34 for the last single week of trading, and 48.30 for the last 200 days.

Sunrun Inc. [RUN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sunrun Inc. [RUN] shares currently have an operating margin of -42.70 and a Gross Margin at +17.25. Sunrun Inc.’s Net Margin is presently recorded at -18.80.

Return on Total Capital for RUN is now -4.67, given the latest momentum, and Return on Invested Capital for the company is -2.37. Return on Equity for this stock declined to -4.92, with Return on Assets sitting at -1.63. When it comes to the capital structure of this company, Sunrun Inc. [RUN] has a Total Debt to Total Equity ratio set at 86.67. Additionally, RUN Total Debt to Total Capital is recorded at 46.43, with Total Debt to Total Assets ending up at 34.95. Long-Term Debt to Equity for the company is recorded at 82.64, with the Long-Term Debt to Total Capital now at 44.27.

Reflecting on the efficiency of the workforce at the company, Sunrun Inc. [RUN] managed to generate an average of -$20,399 per employee. Receivables Turnover for the company is 10.28 with a Total Asset Turnover recorded at a value of 0.09.Sunrun Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Sunrun Inc. [RUN] stock

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 Ownership positions

There are presently around $6,935 million, or 98.60% 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 1.00% of the total institutional ownership; FMR LLC, holding 21,494,912 shares of the stock with an approximate value of $734.05 million in RUN stocks shares; and VANGUARD GROUP INC, currently with $609.35 million in RUN stock with ownership of nearly 4.215% of the company’s market capitalization.

Positions in Sunrun Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 289 institutional holders increased their position in Sunrun Inc. [NASDAQ:RUN] by around 31,348,641 shares. Additionally, 177 investors decreased positions by around 19,612,928 shares, while 72 investors held positions by with 152,101,446 shares. The mentioned changes placed institutional holdings at 203,063,015 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 64 institutional investors sold positions of 3,522,726 shares during the same period.