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

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,890 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was 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 of the company’s stock, valued at approximately $15,551,860. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $19.34, for a total transaction of $226,258.66.

Sunrun Trading Up 1.8%

RUN traded up $0.33 during trading on Thursday, reaching $18.65. 465,818 shares of the company’s stock were exchanged, compared to its average volume of 14,596,029. The company’s fifty day moving average price is $19.31 and its 200-day moving average price is $14.44. The firm has a market capitalization of $4.33 billion, a PE ratio of -1.67 and a beta of 2.35. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (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 for the quarter, compared to analyst estimates of $601.15 million. During the same period last year, the company earned ($0.37) EPS. The firm’s revenue was up 34.9% on a year-over-year basis. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of large investors have recently bought and sold shares of the company. Sycomore Asset Management acquired a new stake in shares of Sunrun in the third quarter valued at approximately $28,000. Optiver Holding B.V. bought a new position in Sunrun in the third quarter valued at $31,000. Smartleaf Asset Management LLC increased its stake in Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,660 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Sunrun during the 3rd quarter worth about $38,000. Finally, Resources Management Corp CT ADV boosted its stake in shares of Sunrun by 1,085.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock worth $39,000 after buying an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, November 10th. Susquehanna upped their target price on shares of Sunrun from $13.00 to $23.00 and gave the company a “positive” rating in a research note on Monday, October 13th. The Goldman Sachs Group increased their target price on shares of Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, UBS Group boosted their target price on Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

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.