The Vanguard Group, Inc. recently announced the acquisition of new stake in Sunrun Inc (NASDAQ:RUN). The institutional investor has increased its shareholding in the Technology company by 0.63% to 19.1 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 8.77% valued currently at $374.94 million. In addition, Grantham, Mayo, Van Otterloo & Co raised its holdings by 3.75 million to 14.18 million shares. And BNP Paribas Asset Management UK L has lifted its position by 3.16% or 0.32 million shares – to 10.59 million shares.
Currently, there are 214.18M common shares owned by the public and among those 211.68M shares have been available to trade.
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Insiders at the company have transacted a total of 89 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 990,641 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 534,091 shares.
The top 3 mutual fund holders in Sunrun Inc are Vanguard Total Stock Market ETF, Invesco Solar ETF, and iShares II Plc – Global Clean Ene. Vanguard Total Stock Market ETF owns 6.47 million shares of the company’s stock, all valued at over $126.98 million. The company bought an additional 8130.0 shares recently to bring their total holdings to about 2.97% of the shares outstanding. Invesco Solar ETF sold 31960.0 shares to see its total holdings shrink to 6.45 million shares valued at over $126.7 million and representing 2.96% of the shares outstanding. iShares II Plc – Global Clean Ene now owns shares totaling to 2.55% of the shares outstanding.
However, the script later moved the day high at 13.27, down -0.30%. The company’s stock has a 5-day price change of -16.49% and 13.93% over the past three months. RUN shares are trading -32.91% year to date (YTD), with the 12-month market performance down to -53.63% lower. It has a 12-month low price of $8.43 and touched a high of $29.03 over the same period. RUN has an average intraday trading volume of 14.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.49%, -9.56%, and -17.18% respectively.
Institutional ownership of Sunrun Inc (NASDAQ: RUN) shares accounts for 98.74% of the company’s 214.18M shares outstanding. Mutual fund holders own 46.43%, while other institutional holders and individual stakeholders account for 53.78% and 27.20% respectively.
It has a market capitalization of $2.87B and a beta (3y monthly) value of 2.56. The earnings-per-share (ttm) stands at -$5.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.72% over the week and 6.12% over the month.
Analysts forecast that Sunrun Inc (RUN) will achieve an EPS of -$0.28 for the current quarter, -$0.4 for the next quarter and -$1.19 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.42 while analysts give the company a high EPS estimate of $0.8. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -837.86%, and 82.51% over the next financial year. EPS should shrink at an annualized rate of -8.00% over the next five years, compared to -7.36% over the past 5-year period.
