Mary Powell Sells 2,890 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,890 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $17.80, for a total transaction of $51,442.00. Following the sale, the chief executive officer directly owned 873,700 shares in the company, valued at $15,551,860. The trade was a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 6th, Mary Powell sold 11,699 shares of Sunrun stock. The stock was sold at an average price of $19.34, for a total value of $226,258.66.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.45 during mid-day trading on Wednesday, hitting $18.32. The company had a trading volume of 5,746,611 shares, compared to its average volume of 14,656,745. The stock’s 50-day moving average price is $19.31 and its 200-day moving average price is $14.41. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -1.64 and a beta of 2.35. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.44.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The business had revenue of $724.56 million during the quarter, compared to the consensus estimate of $601.15 million. During the same quarter last year, the company earned ($0.37) EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Susquehanna increased their price target on shares of Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.58.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently made changes to their positions in RUN. Cetera Investment Advisers raised its holdings in Sunrun by 34.7% in the 1st quarter. Cetera Investment Advisers now owns 87,569 shares of the energy company’s stock worth $513,000 after purchasing an additional 22,547 shares in the last quarter. US Bancorp DE increased its stake in shares of Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock valued at $60,000 after purchasing an additional 5,342 shares in the last quarter. National Bank of Canada FI boosted its holdings in Sunrun by 14.3% in the first quarter. National Bank of Canada FI now owns 29,374 shares of the energy company’s stock worth $172,000 after acquiring an additional 3,676 shares in the last quarter. Townsquare Capital LLC grew its position in Sunrun by 11.3% during the 1st quarter. Townsquare Capital LLC now owns 279,733 shares of the energy company’s stock valued at $1,639,000 after purchasing an additional 28,395 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Sunrun during the first quarter valued at approximately $5,259,000. Hedge funds and other 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.