Sunrun (NASDAQ:RUN) Reaches New 12-Month Low Following Insider Selling

Shares of Sunrun Inc. (NASDAQ:RUN) hit a new 52-week low during trading on Tuesday following insider selling activity. The stock traded as low as $8.95 and last traded at $9.01, with a volume of 9309078 shares trading hands. The stock had previously closed at $9.44.

Specifically, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the transaction, the director now directly owns 991,753 shares in the company, valued at approximately $9,510,911.27. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

RUN has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, December 20th. Piper Sandler downgraded Sunrun from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, The Goldman Sachs Group decreased their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.11.

Sunrun Stock Up 10.4 %

The firm has a 50 day moving average of $10.22 and a 200-day moving average of $14.56. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market capitalization of $2.10 billion, a P/E ratio of -5.13 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $537.17 million during the quarter, compared to the consensus estimate of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same period last year, the firm earned $0.40 EPS. On average, equities research analysts expect that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenvale Capital LLP increased its holdings in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. State Street Corp increased its stake in shares of Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after buying an additional 54,329 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after buying an additional 30,549 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after buying an additional 729,633 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Sunrun during the 3rd quarter worth about $76,152,000. 91.69% of the stock is owned by institutional investors.

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.