On Jan. 07, Fenster Edward Harris divested U.S. $4,455,000 in shares of Sunrun Inc.. The COB sold 50,000 shares at a price per share of $89.10. The transaction decreased this specific insider’s holdings to 1,599,513 shares worth around $154.35 million at present.
Another 60,000 shares were sold by Dawson Christopher, for more than $5,100,162 in total proceeds. The COO dumped the shares at a price of $85.00 and the insider now owns almost 211,393 shares.
CapitalOne launched its Sunrun Inc. [RUN] rating to the equivalent of an Equal weight, in a research note dated December 17, 2020. Some new analysts also started their coverage, with CapitalOne’s analysts assigning the shares to “an Equal weight” rating in a research note to investors issued in mid December. Meanwhile, UBS had lowered its rating on RUN to “Sell” from the earlier “Neutral”, in a research note produced for clients October 27, 2020. In addition, there was a new coverage from Piper Sandler on October 07, 2020. The research firm rated RUN “a Neutral”.
Is Sunrun Inc. [NASDAQ:RUN] a Good Buy Right Now?
It should be noted that RUN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from Sunrun Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 5.98 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 5.55 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 5.83 million shares.
RUN Price Performance
On Wall Street, Sunrun Inc. [NASDAQ:RUN] finished Friday’s session up 6.14% at $96.50. The stock went up to $96.725 at the same session while its lowest single day price was $90.53. In the last five days, it saw a rise of about 39.09%, Sunrun Inc. shares gained by almost 39.09% since the beginning of the year. However, the share price has dropped to as low as 2.79% below its one year high. On 01/08/21, the company shares recorded $96.72, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $68.29. The company’s shares have inclined by 543.33% in the past year. The 50-day SMA achieved is $62.60 while the 200-day SMA is $42.04. Volume dropped to 7.5 million from 9.41 million in the previous session.
Sunrun Inc. [RUN] Valuation Measures
Notably, Sunrun Inc. [RUN] stock cannot be classified as a good candidate in the listing of underestimated low-priced Solar companies to purchase soonest possible with the prevailing 12-month PE ratio of 3112.90. The measure means the stock is exchanging at a premium as compared to the 33.16x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 21.24 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.66 which means RUN serve an unattractive investment opportunity compared to its competitors.
RUN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 92.44 level, and in case of violation of this particular level, it will cause more drop to 88.39 level. On the upper level, 100.78 is still the key resistance. The stock may increase to the subsequent resistance at 98.64. The Relative Strength Index (RSI) pinned on the 14-day chart is 82.41, implying a overbought technical stance while the MACD stands at 17.95, meaning price will increase in the next trading period. Percent R indicator moved to 0.63%, implying bullish price movement. Stochastic %K at 95.90% suggest selling the stock.
What is the short interest in Sunrun Inc.?
Short interest in the Sunrun Inc. stock has plunged, decreasing by -1.19 million shares to total 20.81 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 19.62 million, data from Yahoo Finance shows. The increase of 5.72% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 14.14% of the overall float for the stock.
Sunrun Inc.’s Biggest Shareholders: Who Owns Sunrun Inc. [RUN]?
Filings by Coatue Management LLC showed that the firm now holds a total of 17,656,319 shares or roughly 8.94% of the outstanding RUN shares. This means their shares have increased by 2,999,999 from the 17,656,319 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, BlackRock Fund Advisors updated stake is worth $1,006,563,706. Details in the latest 13F filings reveal that Fidelity Management & Research Co disposed off their -0.80% stake valued at $864,148,085 while Tiger Global Management LLC cut theirs at $761,968,552. During the last quarter, Fidelity Management & Research Co liquidated -108,396 of its shares in Sunrun Inc. while Tiger Global Management LLC sold -17,882,362 shares. The The Vanguard Group, Inc.’s holdings currently number 11,056,445 shares at $1066946942.5. According to the firm’s last 13F report, Fidelity Investments Canada ULC shares in the company at filing stood at 10,142,775 shares, roughly $649,949,022.
RUN Earnings Forecast For The Current Quarter
Sunrun Inc. [RUN] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $305.73M and an earnings per share of $0.11 for Dec 2020. Looking further ahead, the company is expected to report revenue of $333.7M at an EPS of $0.08 for Mar 2021. The estimates represent upside of 54.50% and 281.75% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
RUN Earnings Estimates For The Current Year
For the financial year, Sunrun Inc. [NASDAQ:RUN] is expected to bring in revenue of $910M. The returns are nearly $51.42 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.13, lower than that of FY19 by -$0.08. Estimates put this year’s earnings growth at -38.10%, 269.20% for the next, and at an annual 20.53% over the next 5-year period. As for sales, forecasts are for an increase of 6.00% in the current fiscal year and a further 54.50% over the following year.
What are analyst thoughts on Sunrun Inc.?
Looking forward to the Sunrun Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Sunrun Inc. stock at $68.00 within the next 12 months, which represents almost -41.91 per cent growth from its previous closing price of $96.50. The highest analysts’ target for Sunrun Inc. stock projections is $94.50 and the lowest one is $43.00. Still, 13 analysts sharing their consensus rating for RUN stock in 2021 agree that it is an Overweight.