What's Driving Today's Surge in RUN Stock?

Sunrun stock is trading -34.26% below its average target price of $19.78 after marking a 3.7% 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 $42.0 per share.

Sunrun has an elevated short interest of 29.6%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 4.87. Only 2.7% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. 114.6% of Sunrun shares are held by institutional investors, which indicates a high level of confidence in the stock.

Institutions Invested in Sunrun

Date Reported Holder Percentage Shares Value
2024-03-31 Blackrock Inc. 18% 39,598,902 $514,884,706
2024-03-31 Vanguard Group Inc 10% 22,325,106 $290,282,181
2024-03-31 Grantham, Mayo, Van Otterloo & Co. LLC 7% 14,626,019 $190,174,805
2024-03-31 Orbis Allan Gray Ltd 6% 14,231,282 $185,042,238
2024-03-31 Greenvale Capital, LLP 4% 9,750,000 $126,774,370
2024-03-31 State Street Corporation 3% 7,603,402 $98,863,231
2024-03-31 Morgan Stanley 3% 6,373,516 $82,871,639
2024-03-31 Invesco Ltd. 3% 6,008,870 $78,130,329
2024-03-31 Millennium Management Llc 3% 5,619,423 $73,066,545
2024-03-31 Amundi 3% 5,608,672 $72,926,755

For these reasons, we consider that the Sunrun is the subject of mixed market sentiment.

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.