Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 3,410 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 3,410 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $62,164.30. Following the sale, the chief executive officer now directly owns 575,783 shares of the company’s stock, valued at approximately $10,496,524.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $40,360.92.
• 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 transaction of $70,280.78.

Sunrun Price Performance

RUN stock traded down $0.09 during trading on Tuesday, hitting $17.20. 5,823,178 shares of the company’s stock traded hands, compared to its average volume of 12,792,063. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -2.58 and a beta of 2.59. The business has a fifty day simple moving average of $17.63 and a 200 day simple moving average of $14.02. 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) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was down 11.2% on a year-over-year basis. As a group, research analysts expect that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RUN shares. UBS Group raised their price objective on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Piper Sandler increased their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Oppenheimer lifted their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their target price on shares of Sunrun from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Finally, Evercore ISI decreased their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.98.

Hedge Funds Weigh In On Sunrun

Several large investors have recently modified their holdings of RUN. Vanguard Group Inc. raised its holdings in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares during the period. Greenvale Capital LLP increased its stake in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the period. Robeco Schweiz AG boosted its stake in shares of Sunrun by 23.5% during the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after purchasing an additional 876,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 valued at $52,025,000 after buying an additional 729,633 shares in the last quarter. Finally, Sylebra Capital LLC purchased a new stake in Sunrun in the 2nd quarter valued at about $35,387,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.