Sunrun (NASDAQ:RUN) CEO Sells $316,362.15 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 23,985 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the sale, the chief executive officer directly owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Stock Down 5.9%

RUN traded down $0.77 during trading on Tuesday, hitting $12.20. The company had a trading volume of 14,385,861 shares, compared to its average volume of 9,647,533. The company has a market capitalization of $2.91 billion, a PE ratio of 5.73 and a beta of 2.32. Sunrun Inc. has a one year low of $9.01 and a one year high of $22.44. The firm’s 50-day moving average price is $13.69 and its 200 day moving average price is $15.40. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The firm had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was up 43.2% on a year-over-year basis. As a group, equities analysts expect that Sunrun Inc. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC raised its stake in shares of Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after purchasing an additional 558 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Sunrun by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after buying an additional 565 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in Sunrun by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after buying an additional 572 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Sunrun by 62.9% during the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after acquiring an additional 669 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RUN shares. Barclays dropped their target price on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Susquehanna reduced their price target on Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Sunrun in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, UBS Group decreased their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.87.

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.