RUN Stock Summary and Trading Ideas (Sunrun | NASDAQ:RUN)

Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

Sunrun trades on the NASDAQ stock market under the symbol RUN.

As of April 18, 2024, RUN stock price declined to $10.11 with 11,038,498 million shares trading.

RUN has a beta of 4.37, meaning it tends to be more sensitive to market movements. RUN has a correlation of 0.27 to the broad based SPY ETF.

RUN has a market cap of $2.22 billion. This is considered a Mid Cap stock.

Last quarter Sunrun reported $517 million in Revenue and -$1.33 earnings per share. This fell short of revenue expectation by $-15 million and missed earnings estimates by -$1.05.

In the last 3 years, RUN stock traded as high as $60.60 and as low as $8.43.

The top ETF exchange traded funds that RUN belongs to (by Net Assets): IJR, VTI, VB, TAN, VXF.

RUN has underperformed the market in the last year with a price return of -50.8% while the SPY ETF gained +22.3%. RUN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.8% and -18.5%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

RUN support price is $10.16 and resistance is $11.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RUN stock will trade within this expected range on the day.