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

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 6,415 shares of the business’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 transaction, the chief executive officer now owns 569,368 shares in the company, valued at approximately $9,303,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $18.79, for a total value of $40,360.92.

Sunrun Stock Up 0.7 %

Shares of NASDAQ:RUN opened at $16.64 on Tuesday. The firm has a market capitalization of $3.72 billion, a PE ratio of -2.49 and a beta of 2.58. 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 52-week low of $8.43 and a 52-week high of $22.26. The firm has a fifty day moving average of $18.72 and a 200 day moving average of $14.97.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of ($0.33) by $0.88. The firm had revenue of $523.87 million for 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%. The company’s revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS. As a group, research analysts anticipate that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

RUN has been the subject of several research reports. Oppenheimer increased their price target on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of Sunrun in a report on Tuesday, September 24th. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, September 27th. Finally, Evercore ISI decreased their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.39.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Sunrun by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Sunrun by 142.4% in 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 buying an additional 142,563 shares during the period. Symmetry Investments LP bought a new stake in shares of Sunrun in the 2nd quarter valued at about $1,205,000. State of Alaska Department of Revenue boosted its holdings in Sunrun by 466.2% during the 1st quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock valued at $1,751,000 after acquiring an additional 109,411 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in Sunrun during the 1st quarter worth approximately $171,000. 91.69% of the stock is owned by hedge funds and other 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.