Michael Jennings Acquires 3,000 Shares of Suncast Solar Energy (OTCMKTS:SUNC) Stock

by · The Cerbat Gem

Suncast Solar Energy, Inc. (OTCMKTS:SUNC – Get Free Report) Director Michael Jennings purchased 3,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $49.68 per share, with a total value of $149,040.00. Following the completion of the purchase, the director owned 7,590 shares of the company’s stock, valued at approximately $377,071.20. This represents a 65.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Suncast Solar Energy Price Performance

Shares of SUNC stock traded up $0.36 on Tuesday, reaching $50.37. 506,305 shares of the company were exchanged, compared to its average volume of 1,717,112. Suncast Solar Energy, Inc. has a one year low of $47.00 and a one year high of $51.95. The firm has a 50-day simple moving average of $7.84.

Analysts Set New Price Targets

SUNC has been the topic of a number of recent research reports. Barclays reiterated an “overweight” rating and issued a $57.00 target price on shares of Suncast Solar Energy in a report on Monday. Citigroup assumed 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, Raymond James Financial began coverage on shares of Suncast Solar Energy in a research report on Monday. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Suncast Solar Energy has an average rating of “Buy” and an average price target of $61.00.

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About Suncast Solar Energy

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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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