Maria Barak Sells 1,201 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) CAO Maria Barak sold 1,201 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $21,377.80. Following the sale, the chief accounting officer owned 87,273 shares of the company’s stock, valued at approximately $1,553,459.40. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sunrun Trading Down 5.1%

Sunrun stock traded down $0.94 during midday trading on Wednesday, reaching $17.36. The stock had a trading volume of 5,890,986 shares, compared to its average volume of 7,612,454. The stock’s 50-day simple moving average is $18.85 and its 200 day simple moving average is $15.97. Sunrun Inc. has a twelve month low of $5.38 and a twelve month 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. The stock has a market capitalization of $4.03 billion, a PE ratio of -1.55 and a beta of 2.35.

Sunrun (NASDAQ:RUNGet Free Report) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. During the same period last year, the business posted ($0.37) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. Analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

RUN has been the subject of several recent research reports. BMO Capital Markets set a $19.00 price objective on shares of Sunrun and gave the stock a “market perform” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Sunrun in a report on Wednesday, December 17th. Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $26.00 in a research report on Tuesday, October 21st. Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, November 10th. Finally, Oppenheimer raised their target price on Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Read Our Latest Research Report on RUN

Sunrun News Summary

Here are the key news stories impacting Sunrun this week:

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of RUN. Vanguard Group Inc. boosted its holdings in Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock valued at $418,300,000 after purchasing an additional 288,945 shares during the last quarter. PGGM Investments boosted its stake in shares of Sunrun by 17.8% during the 3rd quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock valued at $142,763,000 after buying an additional 1,249,683 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Sunrun by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after buying an additional 3,974,464 shares during the last quarter. Amundi boosted its stake in Sunrun by 12.1% during the 1st quarter. Amundi now owns 3,479,021 shares of the energy company’s stock valued at $20,686,000 after acquiring an additional 374,594 shares during the last quarter. Finally, Erste Asset Management GmbH grew its stake in Sunrun by 62.7% in the third quarter. Erste Asset Management GmbH now owns 3,082,234 shares of the energy company’s stock worth $54,778,000 after purchasing an additional 1,188,092 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.