Insider Selling: Sunrun (NASDAQ:RUN) CAO Sells $39,893.26 in Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 3,278 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.17, for a total transaction of $39,893.26. Following the transaction, the chief accounting officer directly owned 90,033 shares in the company, valued at approximately $1,095,701.61. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maria Barak also recently made the following trade(s):

• On Monday, July 6th, Maria Barak sold 1,747 shares of Sunrun stock. The shares were sold at an average price of $13.17, for a total transaction of $23,007.99.

Sunrun Stock Performance

Shares of RUN traded up $0.01 during mid-day trading on Friday, hitting $12.47. 7,231,726 shares of the company’s stock were exchanged, compared to its average volume of 11,651,620. 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 Inc. has a 52 week low of $9.01 and a 52 week high of $22.44. The stock’s 50-day simple moving average is $13.66 and its 200-day simple moving average is $15.26. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 5.85 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was up 43.2% compared to the same quarter last year. On average, equities research analysts expect that Sunrun Inc. will post 1.01 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after buying an additional 165,196 shares during the last quarter. Invesco Ltd. grew its position in Sunrun by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after acquiring an additional 1,231,628 shares during the last quarter. Geode Capital Management LLC grew its position in Sunrun by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after acquiring an additional 205,627 shares during the last quarter. Contour Asset Management LLC acquired a new position in Sunrun in the 4th quarter worth about $98,010,000. Finally, Voloridge Investment Management LLC raised its position in Sunrun by 47.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Roth Capital restated a “buy” rating on shares of Sunrun in a research report on Thursday. Zacks Research lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. UBS Group lowered their price objective 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. Finally, TD Cowen reduced their target price on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and a consensus price target of $18.81.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI data center pilot that could let homeowners’ solar and battery systems support edge computing, creating a new business line beyond its core residential solar model. Article Title
• Positive Sentiment: Trading activity showed unusually heavy call option buying, suggesting some investors are betting the AI-related announcement could drive more upside in RUN. Article Title
• Positive Sentiment: Susquehanna trimmed its price target to $18 from $19 but kept a positive rating, which still implies meaningful upside from current levels. Article Title
• Neutral Sentiment: Media coverage around the AI data-center pilot has kept Sunrun in the spotlight, but some reports noted the news has not yet translated into a full stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged 10b5-1 transaction, adding to recent insider selling that may weigh on sentiment. Article Title
• Negative Sentiment: Glj Research reaffirmed a sell rating and set a $4.63 target, a sharply bearish call that signals substantial downside risk in the eyes of that firm. Article Title

Sunrun Company Profile

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.