Sunrun Inc. (NASDAQ:RUN) Insider Jeanna Steele Sells 2,012 Shares

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16. Following the completion of the sale, the insider now owns 301,389 shares in the company, valued at $3,369,529.02. This represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sunrun Stock Down 5.5 %

Shares of NASDAQ RUN opened at $10.75 on Friday. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.26. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -5.91 and a beta of 2.58. The stock has a 50 day moving average price of $10.78 and a 200 day moving average price of $14.76. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Institutional Investors Weigh In On Sunrun

Large investors have recently modified their holdings of the business. Greenvale Capital LLP increased its holdings in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the period. State Street Corp grew its stake in Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the last quarter. Geode Capital Management LLC raised its holdings in Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 729,633 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Sunrun in the 3rd quarter worth $76,152,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RUN. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Truist Financial reissued a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, Roth Mkm lowered their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.16.

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.