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The Growth Opportunity In Sunrun Inc. (NASDAQ: RUN)

Sunrun Inc. (NASDAQ:RUN) shares, rose in value on Thursday, 05/12/22, with the stock price down by -1.16% to the previous day’s close as strong demand from buyers drove the stock to $17.94.

Actively observing the price movement in the last trading, the stock closed the session at $18.15, falling within a range of $16.80 and $19.12. The value of beta (5-year monthly) was 2.14. Referring to stock’s 52-week performance, its high was $60.60, and the low was $18.01. On the whole, RUN has fluctuated by -29.98% over the past month.

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With the market capitalization of Sunrun Inc. currently standing at about $4.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 23, 2022 – Feb 28, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.02, which is expected to increase to -$0.02 for fiscal year -$0.31 and then to about -$0.36 by fiscal year 2022. Data indicates that the EPS growth is expected to be 70.80% in 2022, while the next year’s EPS growth is forecast to be -16.10%.

Analysts have estimated the company’s revenue for the quarter at $408.92 million, with a low estimate of $357.9 million and a high estimate of $461.9 million. According to the average forecast, sales growth in current quarter could jump up 27.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.58 billion, representing an increase of 71.30% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that RUN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RUN currently trading nearly -18.82% and -32.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.17, while the 7-day volatility ratio is showing 12.96% which for the 30-day chart, stands at 9.19%. Furthermore, Sunrun Inc. (RUN)’s beta value is 2.23, and its average true range (ATR) is 2.16.

A comparison of Sunrun Inc. (RUN) with its peers suggests the former has fared considerably weaker in the market. RUN showed an intraday change of -1.16% in last session, and over the past year, it shrunk by -54.52%%. In comparison, Tesla Inc. (TSLA) has moved lower at -0.82% on the day and was up 27.34% over the past 12 months. On the other hand, the price of First Solar Inc. (FSLR) has fallen -0.52% on the day. The stock, however, is off -11.74% from where it was a year ago. Additionally, there is a gain of 1.42% for SunPower Corporation (SPWR) in last trading while the stock has seen an overall depriciation of -33.43%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.33%.

Data on historical trading for Sunrun Inc. (NASDAQ:RUN) indicates that the trading volumes over the past 10 days have averaged 9.04 million and over the past 3 months, they’ve averaged 7.11 million. According to company’s latest data on outstanding shares, there are 208.68 million shares outstanding.

Nearly 2.00% of Sunrun Inc.’s shares belong to company insiders and institutional investors own 99.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.29 million shares as on Jan 30, 2022, resulting in a short ratio of 4.44. According to the data, the short interest in Sunrun Inc. (RUN) stood at 16.08% of shares outstanding as of Jan 30, 2022; the number of short shares registered in Dec 30, 2021 reached 34.86 million. The stock has fallen by -47.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RUN stock heading into the next quarter.

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