Sunrun Inc. (RUN): What is Its Dividend Yield?


Sunrun Inc. (NASDAQ:RUN) saw an upside of 3.35% to close Monday at $26.83 after adding $0.87 on the day. The 5-day average trading volume is 6,887,880 shares of the company’s common stock. It has gained $29.72 in the past week and touched a new high 2 times within the past 5 days. An average of 6,179,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,435,382.

RUN’s 1-month performance is 2.40% or $1.30 on its low of $21.71 reached on 01/06/23. The company’s shares have touched a 52-week low of $16.80 and high of $39.13, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, RUN has achieved 11.70% or $2.81 and has reached a new high 6 times. However, the current price is down -31.43% from the 52-week high price.

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Insider Transactions

RUN stock investors last saw insider trading activity on Jan 06.Abajian Danny (Chief Financial Officer) most recently sold 199 shares at $22.02 per share on Jan 06. This transaction cost the insider $4,381. Chief Revenue Officer, Dickson Paul S., sold 178 shares at a price of $22.08 on Jan 06. Then, on Jan 03, Co-Executive Chair Fenster Edward Harris sold 100,000 shares at a price of $24.92 per share. This transaction amounted to $2,492,000.

Valuation Metrics

RUN stock has a beta of 2.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.61 while the price-to-book (PB) in the most recent quarter is 0.86.

Sunrun Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.18, while the total debt to equity was 1.21. In terms of profitability, the gross margin trailing 12 months is 13.20%. The firm’s gross profit as reported stood at -$666.19 million against revenue of $1.61 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 88.54% to $210.56 million, while revenue of -$12.43 million was 105.9% off the previous quarter. Analysts expected RUN to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.06, representing a 53.80% surprise. EBITDA for the quarter stood at more than -$17.62 million. RUN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.12 billion, with total debt at $7.98 billion. Shareholders hold equity totaling $213.1 million.

Let’s look briefly at Sunrun Inc. (RUN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 54.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 80.20%.

The stock’s 5-day moving average is $26.99, reflecting a -3.49% or -$0.97 change from its current price. RUN is currently trading -1.43% above its 20-day SMA, -18.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.05% and SMA200 by-13.81%.

Stochastic %K and %D was 54.59% and 63.58% and the average true range (ATR) pointed at 1.72. The RSI (14) points at 51.80%, while the 14-day stochastic is at 63.95% with the period’s ATR at 1.73. The stock’s 9-day MACD Oscillator is pointing at -0.53 and 0.72 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sunrun Inc. (NASDAQ: RUN), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for RUN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RUN as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 18 have offered a “buy” rating.

What is RUN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $30.00 and a high of $70.00, with their median price target at $42.00. Looking at these predictions, the average price target given by analysts is for Sunrun Inc. (RUN) stock is $46.43.


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