Sunrun Inc. (NASDAQ:RUN) CEO Sells $40,360.92 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the transaction, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, July 8th, Mary Powell sold 5,569 shares of Sunrun stock. The stock was sold at an average price of $12.62, for a total transaction of $70,280.78.
• 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 transaction of $43,595.65.

Sunrun Price Performance

NASDAQ:RUN opened at $18.17 on Friday. The stock has a 50 day moving average price of $17.38 and a 200 day moving average price of $13.97. The stock has a market cap of $4.06 billion, a PE ratio of -2.72 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was down 11.2% compared to the same quarter last year. Equities research analysts expect that Sunrun Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Sunrun by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock worth $384,394,000 after buying an additional 176,861 shares during the period. Truist Financial Corp purchased a new position in Sunrun during the 4th quarter valued at about $307,000. Victory Capital Management Inc. grew its position in Sunrun by 579.1% in the 4th quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock valued at $5,078,000 after acquiring an additional 220,605 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after purchasing an additional 142,563 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Sunrun by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock worth $54,617,000 after purchasing an additional 179,688 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RUN. The Goldman Sachs Group raised their price objective on Sunrun from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Evercore ISI dropped their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their target price on shares of Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.98.

Sunrun Company Profile

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.