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

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 6,415 shares of the firm’s stock in a transaction that occurred on 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 directly owns 569,368 shares of the company’s stock, valued at $9,303,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Price Performance

Shares of Sunrun stock opened at $16.39 on Wednesday. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $22.26. The business has a 50-day moving average price of $18.71 and a 200 day moving average price of $15.00. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The firm has a market cap of $3.63 billion, a PE ratio of -2.46 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $516.76 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue was down 11.2% compared to the same quarter last year. Sell-side analysts predict that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

RUN has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $35.00 price objective on shares of Sunrun in a research note on Tuesday, September 24th. Truist Financial reaffirmed a “hold” rating and set a $18.00 price target (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Piper Sandler raised their target price on shares of Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Sunrun in a research note on Wednesday, September 25th. Finally, Barclays raised their price target on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.39.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter worth $36,000. BNP Paribas acquired a new stake in shares of Sunrun in the first quarter valued at approximately $37,000. CWM LLC increased its stake in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sunrun during the second quarter valued at approximately $45,000. Finally, Headlands Technologies LLC acquired a new position in shares of Sunrun during the first quarter valued at approximately $53,000. Institutional investors and hedge funds 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.