Mary Powell Sells 4,350 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The stock was sold at an average price of $11.66, for a total value of $20,591.56.

Sunrun Stock Performance

RUN opened at $10.75 on Thursday. The firm’s fifty day simple moving average is $10.86 and its two-hundred day simple moving average is $14.78. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.26. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -5.91 and a beta of 2.58. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RUN. International Assets Investment Management LLC increased its stake in Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its position in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the 3rd quarter valued at $44,000. Redwood Wealth Management Group LLC purchased a new position in Sunrun in the 2nd quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sunrun during the 2nd quarter worth $104,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RUN shares. Susquehanna reduced their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays dropped their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, TD Cowen started coverage on Sunrun in a research report on Thursday, December 19th. They set a “buy” rating and a $21.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.16.

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.