Key Points
- Director Michael Jennings purchased 3,000 shares on Nov. 17 at an average price of $49.68 (total $149,040), boosting his stake to 7,590 shares — a 65.36% increase in his position.
- The stock was trading up about 4.0%, opening at $52.00 with a one-year range of $47.00 to $52.35.
- Recent analyst coverage from Raymond James, Barclays and Citigroup supports the name — the stock has a consensus "Buy" rating with a consensus target price of about $61.00.
Suncast Solar Energy, Inc. (OTCMKTS:SUNC - Get Free Report) Director Michael Jennings acquired 3,000 shares of the firm's stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $49.68 per share, with a total value of $149,040.00. Following the completion of the acquisition, the director owned 7,590 shares in the company, valued at $377,071.20. This trade represents a 65.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Suncast Solar Energy Trading Up 4.0%
Shares of SUNC opened at $52.00 on Wednesday. Suncast Solar Energy, Inc. has a one year low of $47.00 and a one year high of $52.35. The stock has a fifty day moving average price of $8.88.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Suncast Solar Energy in a research report on Monday. They set an "outperform" rating on the stock. Barclays reiterated an "overweight" rating and issued a $57.00 price objective on shares of Suncast Solar Energy in a research note on Monday. Finally, Citigroup initiated coverage on shares of Suncast Solar Energy in a report on Tuesday, November 11th. They issued a "buy" rating and a $65.00 target price on the stock. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $61.00.
View Our Latest Research Report on Suncast Solar Energy
About Suncast Solar Energy
(
Get Free Report)
Suncast Solar Energy, Inc, through its subsidiary, Environmental Testing Laboratories, Inc, provides environmental testing services in the northeast United States. The company's services include resource conservation recovery act and hazardous waste characterization, toxic characteristic leaching procedure analyses, underground storage tank analytical assessment, landfill/ground water monitoring, and pesticide and herbicide testing in soil and groundwater services.
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