Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 5,569 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 5,569 shares of the 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 transaction, the chief executive officer now owns 581,341 shares in the company, valued at approximately $7,336,523.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 Stock Up 15.4 %

RUN opened at $16.07 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The business has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $13.29. The stock has a market capitalization of $3.56 billion, a P/E ratio of -2.41 and a beta of 2.61. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $23.85.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RUN shares. Jefferies Financial Group dropped their price objective on Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Morgan Stanley increased their price objective on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Susquehanna dropped their price target on Sunrun from $25.00 to $23.00 and set a “positive” rating on the stock in a research note on Thursday, May 9th. Mizuho dropped their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Royal Bank of Canada dropped their price target on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Institutional Trading of Sunrun

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp lifted its holdings in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares during the period. Versant Capital Management Inc raised its holdings in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. BNP Paribas acquired a new position in Sunrun during the first quarter worth $37,000. CWM LLC raised its holdings in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the last quarter. Finally, USCF Advisers LLC raised its holdings in Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after purchasing an additional 1,300 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

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.