Mary Powell Sells 2,148 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, July 8th, Mary Powell sold 5,569 shares of Sunrun stock. The shares were sold at an average price of $12.62, for a total value of $70,280.78.
• 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.

Sunrun Trading Down 1.9 %

Shares of NASDAQ:RUN opened at $19.26 on Friday. The business’s 50-day moving average is $17.25 and its 200 day moving average is $13.96. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $22.26. The firm has a market capitalization of $4.31 billion, a P/E ratio of -2.89 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 (NASDAQ:RUN) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share 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 the consensus estimate 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 quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. On average, research analysts predict that Sunrun Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Piper Sandler boosted their price objective on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st. Finally, Evercore ISI decreased their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.98.

Institutional Trading of Sunrun

Hedge funds have recently modified their holdings of the stock. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the second quarter worth approximately $36,000. BNP Paribas purchased a new position in Sunrun during the first quarter worth approximately $37,000. CWM LLC boosted its position 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sunrun during the second quarter worth approximately $45,000. Finally, Headlands Technologies LLC purchased a new position in Sunrun during the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.