Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 3,410 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 3,410 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $62,164.30. Following the transaction, the chief executive officer now owns 575,783 shares in the company, valued at $10,496,524.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 3rd, Mary Powell sold 2,148 shares of Sunrun stock. The shares were sold at an average price of $18.79, for a total value of $40,360.92.
• 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.

Sunrun Stock Down 0.5 %

RUN stock opened at $17.20 on Wednesday. The stock has a market capitalization of $3.84 billion, a P/E ratio of -2.58 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $22.26. The business has a fifty day moving average price of $17.63 and a 200-day moving average price of $14.02.

Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The business had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. Sunrun’s revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities analysts forecast that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after buying an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP increased its position in Sunrun by 20.5% during the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the last quarter. Robeco Schweiz AG lifted its holdings in Sunrun by 23.5% in the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after acquiring an additional 876,000 shares during the period. Dimensional Fund Advisors LP boosted its position in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares during the last quarter. Finally, Sylebra Capital LLC bought a new stake in shares of Sunrun during the 2nd quarter valued at about $35,387,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several research analyst reports. Truist Financial reissued a “hold” rating and set a $18.00 target price (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Barclays increased their target price on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Morgan Stanley lifted their price target on Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st. Evercore ISI decreased their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, BMO Capital Markets raised their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and a consensus 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.