Sunrun Inc. [RUN] moved down -0.13: Why It’s Important

Sunrun Inc. [NASDAQ: RUN] closed the trading session at $37.05 on 09/19/22. The day’s price range saw the stock hit a low of $36.185, while the highest price level was $37.92. The company report on September 13, 2022 that Mary Powell, CEO of Sunrun Joins President Biden to Commemorate the Historic Passage of the Inflation Reduction Act.

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Powell joined Clean Energy for America to discuss the historic investments and impact on working families, local economies, and environment.

Mary Powell, CEO of Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage, and energy services provider, today joined President Joe Biden at The White House to celebrate the passage of the historic Inflation Reduction Act (IRA), which invests $369 billion to fight climate change.

The stocks have a year to date performance of 8.02 percent and weekly performance of -4.14 percent. The stock has been moved at 20.02 percent over the last six months. The stock has performed 5.83 percent around the most recent 30 days and changed 55.48 percent over the most recent 3-months.

If compared to the average trading volume of 7.80M shares, RUN reached to a volume of 5280586 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 $48.20 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 2.10. 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.

Barclays have made an estimate for Sunrun Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 05, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $35 to $29. The new note on the price target was released on July 19, 2022, representing the official price target for Sunrun Inc. stock. Previously, the target price had yet another raise to $27, while Wells Fargo analysts kept a Equal Weight rating on RUN stock.

The Average True Range (ATR) for Sunrun Inc. is set at 2.30, with the Price to Sales ratio for RUN stock in the period of the last 12 months amounting to 4.05. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 2.45.

RUN stock trade performance evaluation

Sunrun Inc. [RUN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.14. With this latest performance, RUN shares gained by 5.83% in over the last four-week period, additionally plugging by 20.02% over the last 6 months – not to mention a drop of -17.50% 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 58.46, with the RSI for the last a single of trading hit 57.56, and the three-weeks RSI is set at 58.54 for Sunrun Inc. [RUN]. The present Moving Average for the last 50 days of trading for this stock 31.71, while it was recorded at 37.45 for the last single week of trading, and 28.56 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 -40.08 and a Gross Margin at +14.34. Sunrun Inc.’s Net Margin is presently recorded at -4.93.

Return on Equity for this stock declined to -1.29, with Return on Assets sitting at -0.49.

Sunrun Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.

Sunrun Inc. [RUN]: Insider Ownership positions

There are presently around $7,244 million, or 95.00% of RUN stock, in the hands of institutional investors. The top three institutional holders of RUN stocks are: BLACKROCK INC. with ownership of 32,471,174, which is approximately 2.795% of the company’s market cap and around 1.90% of the total institutional ownership; VANGUARD GROUP INC, holding 18,155,166 shares of the stock with an approximate value of $672.65 million in RUN stocks shares; and ORBIS ALLAN GRAY LTD, currently with $480.71 million in RUN stock with ownership of nearly 21.114% of the company’s market capitalization.

Positions in Sunrun Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 228 institutional holders increased their position in Sunrun Inc. [NASDAQ:RUN] by around 21,646,834 shares. Additionally, 212 investors decreased positions by around 21,903,916 shares, while 66 investors held positions by with 151,961,849 shares. The mentioned changes placed institutional holdings at 195,512,599 shares, according to the latest SEC report filing. RUN stock had 54 new institutional investments in for a total of 4,287,658 shares, while 83 institutional investors sold positions of 4,772,699 shares during the same period.


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