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

Suncast Solar Energy, Inc. (OTCMKTS:SUNC) Director Michael Jennings purchased 3,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $49.68 per share, for a total transaction of $149,040.00. Following the completion of the transaction, the director directly owned 7,590 shares in the company, valued at approximately $377,071.20. This trade represents a 65.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Suncast Solar Energy Stock Up 4.0%

Suncast Solar Energy stock opened at $52.00 on Wednesday. Suncast Solar Energy, Inc. has a 52-week low of $47.00 and a 52-week high of $52.35. The firm’s 50-day moving average price is $8.88.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SUNC shares. Raymond James Financial assumed coverage on shares of Suncast Solar Energy in a research note on Monday. They set an “outperform” rating on the stock. Barclays restated an “overweight” rating and issued a $57.00 price objective on shares of Suncast Solar Energy in a report on Monday. Finally, Citigroup began coverage on Suncast Solar Energy in a report on Tuesday, November 11th. They set a “buy” rating and a $65.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $61.00.

About Suncast Solar Energy

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.