Key Points
- Director Michael Jennings purchased 1,000 shares on Nov. 26 at $52.00 (a $52,000 transaction) after buying 3,000 shares on Nov. 17 at $49.68, bringing his total holdings to 8,590 shares — a 13.18% increase in ownership.
- Wall Street interest is positive: Raymond James initiated coverage at "outperform," Citigroup started coverage with a "buy" and $65 target, Barclays reiterated "overweight" with a $57 target, and the consensus rating is "Buy" with an average target of $61.00.
- The stock opened at $52.16 (52-week range $47.00–$53.79) and the report cites a 50-day moving average of $18.31.
Suncast Solar Energy, Inc. (OTCMKTS:SUNC - Get Free Report) Director Michael Jennings bought 1,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average cost of $52.00 per share, for a total transaction of $52,000.00. Following the acquisition, the director owned 8,590 shares of the company's stock, valued at approximately $446,680. This represents a 13.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Michael Jennings also recently made the following trade(s):
- On Monday, November 17th, Michael Jennings purchased 3,000 shares of Suncast Solar Energy stock. The shares were purchased at an average price of $49.68 per share, for a total transaction of $149,040.00.
Suncast Solar Energy Price Performance
Shares of OTCMKTS:SUNC opened at $52.16 on Tuesday. Suncast Solar Energy, Inc. has a 52 week low of $47.00 and a 52 week high of $53.79. The firm has a 50-day moving average price of $18.31.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Raymond James Financial initiated coverage on Suncast Solar Energy in a report on Monday, November 17th. They issued an "outperform" rating for the company. Citigroup began coverage on Suncast Solar Energy in a report on Tuesday, November 11th. They issued a "buy" rating and a $65.00 target price for the company. Finally, Barclays restated an "overweight" rating and set a $57.00 target price on shares of Suncast Solar Energy in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $61.00.
Check Out Our Latest Research Report on Suncast Solar Energy
Suncast Solar Energy Company Profile
(
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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