Sunrun (NASDAQ:RUN) CEO Mary Powell Sells 2,229 Shares

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,229 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.94, for a total transaction of $26,614.26. Following the transaction, the chief executive officer directly owned 1,127,951 shares of the company’s stock, valued at $13,467,734.94. The trade was a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mary Powell also recently made the following trade(s):

• On Monday, March 2nd, Mary Powell sold 5,357 shares of Sunrun stock. The stock was sold at an average price of $12.33, for a total value of $66,051.81.
• On Tuesday, January 6th, Mary Powell sold 8,754 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total transaction of $155,821.20.

Sunrun Trading 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. The firm has a market cap of $2.66 billion, a P/E ratio of 6.63 and a beta of 2.43. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The company has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $18.32. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RUN. Farther Finance Advisors LLC raised its stake in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun in the fourth quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in 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 acquiring an additional 564 shares during the last quarter. Sycomore Asset Management purchased a new position in Sunrun in the third quarter valued at about $28,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Sunrun during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on RUN shares. Guggenheim upgraded shares of 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. Mizuho lowered their target price on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Wells Fargo & Company lifted their price target on Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Glj Research downgraded Sunrun from a “hold” rating to a “sell” rating and set a $6.73 price objective for the company. in a research note on Friday, February 27th. Finally, Loop Capital set a $12.00 target price on Sunrun in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.84.

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.