Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells $70,280.78 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 5,569 shares of Sunrun stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.62, for a total value of $70,280.78. Following the completion of the sale, the chief executive officer now owns 581,341 shares of the company’s stock, valued at $7,336,523.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mary Powell also recently made the following trade(s):

• On Thursday, June 6th, Mary Powell sold 3,017 shares of Sunrun stock. The shares were sold at an average price of $14.45, for a total value of $43,595.65.
• On Friday, May 31st, Mary Powell sold 1,741 shares of Sunrun stock. The shares were sold at an average price of $14.86, for a total value of $25,871.26.

Sunrun Trading Up 15.4 %

Sunrun stock opened at $16.07 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -2.41 and a beta of 2.61. The stock has a 50-day moving average price of $12.92 and a 200 day moving average price of $13.29.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The firm had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same quarter in the previous year, the company posted ($1.12) earnings per share. The company’s revenue was down 22.3% compared to the same quarter last year. Sell-side analysts anticipate that Sunrun Inc. will post -1.27 EPS for the current year.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently modified their holdings of the company. Simplicity Wealth LLC acquired a new position in Sunrun in the second quarter valued at approximately $132,000. Albion Financial Group UT lifted its holdings in Sunrun by 6.9% in the second quarter. Albion Financial Group UT now owns 51,943 shares of the energy company’s stock valued at $616,000 after acquiring an additional 3,356 shares during the period. CWM LLC lifted its holdings in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. Everence Capital Management Inc. acquired a new position in Sunrun in the second quarter valued at approximately $380,000. Finally, GAMMA Investing LLC lifted its holdings in Sunrun by 233.3% in the second quarter. GAMMA Investing LLC now owns 16,832 shares of the energy company’s stock valued at $200,000 after acquiring an additional 11,782 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several recent research reports. Susquehanna decreased their price objective on Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group cut their target price on Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Mizuho cut their target price on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Royal Bank of Canada cut their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Morgan Stanley lifted their target price on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.