Michael Jennings Purchases 1,000 Shares of Suncast Solar Energy (OTCMKTS:SUNC) Stock

Suncast Solar Energy, Inc. (OTCMKTS:SUNC) Director Michael Jennings purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of $52.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director owned 8,590 shares in the company, valued at $446,680. This represents a 13.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Michael Jennings also recently made the following trade(s):

• On Monday, November 17th, Michael Jennings bought 3,000 shares of Suncast Solar Energy stock. The stock was bought at an average cost of $49.68 per share, with a total value of $149,040.00.

Suncast Solar Energy Stock Up 0.8%

SUNC stock opened at $52.76 on Monday. Suncast Solar Energy, Inc. has a 1 year low of $47.00 and a 1 year high of $53.79. The company has a 50-day moving average of $17.26.

Analyst Ratings Changes

A number of research analysts have recently commented on SUNC shares. Raymond James Financial assumed coverage on shares of Suncast Solar Energy in a research report on Monday, November 17th. They set an “outperform” rating on the stock. 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 price objective on the stock. Finally, Barclays reaffirmed 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average 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.