The stock of Sunrun Inc (NASDAQ:RUN) last traded at $19.63, up 6.05% from the previous session.
RUN stock price is now 16.34% away from the 50-day moving average and 37.56% away from the 200-day moving average. The market capitalization of the company currently stands at $4.39B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Abajian Danny, Chief Financial Officer sold 36,650 shares of the company’s stock on Sep 03 ’24. The stock was sold for $735,371 at an average price of $20.06. Upon completion of the transaction, the Chief Financial Officer now directly owns 278,260 shares in the company, valued at $5.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Chief Financial Officer Abajian Danny sold 9,694 shares of the business’s stock. A total of $191,458 was realized by selling the stock at an average price of $19.75. This leaves the insider owning 278,260 shares of the company worth $5.46 million. A total of 2.95% of the company’s stock is owned by insiders.
During the past 12 months, Sunrun Inc has had a low of $8.43 and a high of $22.26. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 1.66, and a quick ratio of 1.31. The fifty day moving average price for RUN is $16.8731 and a two-hundred day moving average price translates $14.270275 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for 2024-06-30. The net profit margin was -66.36% and return on equity was -22.88% for RUN. The company reported revenue of $523.87 million for the quarter, compared to $590.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.24 percent. For the current quarter, analysts expect RUN to generate $566.76M in revenue.
