Insider Selling: Sunrun (NASDAQ:RUN) CFO Sells 1,412 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 1,412 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.98, for a total value of $16,915.76. Following the sale, the chief financial officer directly owned 568,151 shares of the company’s stock, valued at approximately $6,806,448.98. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Danny Abajian also recently made the following trade(s):

• On Monday, March 2nd, Danny Abajian sold 4,193 shares of Sunrun stock. The stock was sold at an average price of $12.33, for a total transaction of $51,699.69.
• On Tuesday, January 6th, Danny Abajian sold 7,190 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total transaction of $127,982.00.

Sunrun Stock Down 0.1%

Shares of RUN stock traded down $0.01 during trading hours on Monday, hitting $11.33. 11,723,862 shares of the company were exchanged, compared to its average volume of 10,123,678. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38. The business has a 50 day moving average of $18.30 and a two-hundred day moving average of $18.32. The company has a market capitalization of $2.66 billion, a PE ratio of 6.63 and a beta of 2.43.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $610.29 million. During the same quarter in the prior year, the company earned $1.41 EPS. The company’s revenue was up 123.5% on a year-over-year basis. Analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RUN has been the topic of several research reports. Oppenheimer boosted their target price on Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Wells Fargo & Company raised their price target on shares of Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on shares of Sunrun in a report on Wednesday, January 7th. Mizuho cut their price objective on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Morgan Stanley raised their target price on shares of Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and an average target price of $19.84.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of RUN. Salomon & Ludwin LLC raised its stake in Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares during the period. PNC Financial Services Group Inc. raised its holdings in Sunrun by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after acquiring an additional 565 shares during the period. Sage Rhino Capital LLC grew its position in shares of Sunrun by 5.2% in the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after purchasing an additional 572 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after purchasing an additional 607 shares during the period. 91.69% of the stock is owned by institutional investors.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.