In yesterday’s Wall Street session, Sunrun Inc (NASDAQ:RUN) shares traded at $10.12, up 0.20% from the previous session.
RUN stock price is now -14.48% away from the 50-day moving average and -27.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
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With the price target of $21, TD Cowen recently initiated with Buy rating for Sunrun Inc (NASDAQ: RUN). On November 22, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $11, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Jurich Lynn Michelle, Director sold 50,000 shares of the company’s stock on Dec 19 ’24. The stock was sold for $470,900 at an average price of $9.42. Upon completion of the transaction, the Director now directly owns 1,041,753 shares in the company, valued at $10.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’24, Director Jurich Lynn Michelle bought 50,000 shares of the business’s stock. A total of $470,898 was incurred on buying the stock at an average price of $9.42. A total of 2.81% of the company’s stock is owned by insiders.
During the past 12 months, Sunrun Inc has had a low of $9.01 and a high of $22.26. As of last week, the company has a debt-to-equity ratio of 2.38, a current ratio of 1.47, and a quick ratio of 1.15. The fifty day moving average price for RUN is $11.9428 and a two-hundred day moving average price translates $14.053975 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for 2024-09-30. The net profit margin was -18.80% and return on equity was -7.03% for RUN. The company reported revenue of $537.17 million for the quarter, compared to $563.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.62 percent.
