Will Market Sentiment Support RUN's Price Surge Today?

Sunrun stock is trading -44.09% below its average target price of $21.57 after marking a 1.9% during today's afternoon session. Analysts are giving the Mid-Cap Solar company an average rating of buy and target prices ranging from $7.78 to $43.0 per share.

The stock has an unusually large proportion of its shares sold short at 23.8%, and a short ratio of 2.75. Since 2.62% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 105.8% of Sunrun's shares being owned by this investor type.

Institutions Invested in Sunrun

Date Reported Holder Percentage Shares Value
2023-12-31 Blackrock Inc. 15% 32,581,550 $392,933,506
2023-12-31 Vanguard Group Inc 9% 19,581,958 $236,158,421
2023-12-31 Orbis Allan Gray Ltd 6% 14,212,302 $171,400,368
2023-12-31 Grantham, Mayo, Van Otterloo & Co. LLC 6% 12,701,384 $153,178,696
2023-12-31 Greenvale Capital, LLP 4% 8,300,000 $100,098,003
2023-12-31 Invesco Ltd. 4% 8,139,829 $98,166,341
2023-12-31 State Street Corporation 3% 6,701,592 $80,821,202
2023-12-31 BNP Paribas Asset Management Holding S.A. 3% 5,687,953 $68,596,715
2023-12-31 Amundi 2% 5,145,211 $62,051,246
2023-12-31 Shaw D.E. & Co., Inc. 2% 4,414,764 $53,242,055

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Sunrun.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.