Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 6,415 Shares of Stock

by · The Cerbat Gem

Sunrun Inc. (NASDAQ:RUN – Get Free Report) CEO Mary Powell sold 6,415 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10. Following the completion of the sale, the chief executive officer now directly owns 569,368 shares in the company, valued at approximately $9,303,473.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, September 6th, Mary Powell sold 3,410 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total transaction of $62,164.30.
  • 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 transaction of $40,360.92.

Sunrun Trading Down 1.5 %

RUN opened at $16.39 on Wednesday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The stock has a market capitalization of $3.63 billion, a PE ratio of -2.46 and a beta of 2.58. The business’s 50 day moving average price is $18.71 and its 200 day moving average price is $15.00. 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 (NASDAQ:RUN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. As a group, equities research analysts expect that Sunrun Inc. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter valued at approximately $36,000. BNP Paribas acquired a new position in Sunrun in the 1st quarter valued at $37,000. CWM LLC raised its holdings in Sunrun by 883.9% in the 2nd 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun during the 2nd quarter worth $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Sunrun during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. UBS Group upped their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. BMO Capital Markets upped their target price on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, Susquehanna lifted their price objective on Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.39.

Get Our Latest Analysis on Sunrun

About Sunrun

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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.

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