Sunrun (NASDAQ:RUN) CRO Sells $205,779.34 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 15,613 shares of Sunrun stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.18, for a total transaction of $205,779.34. Following the transaction, the executive directly owned 839,539 shares in the company, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Price Performance

RUN opened at $12.46 on Friday. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.44. The company has a 50 day moving average of $13.65 and a two-hundred day moving average of $15.28. The company has a market cap of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. 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 issued its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to the consensus estimate of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. On average, analysts expect that Sunrun Inc. will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Susquehanna reduced their price objective on Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their target price on Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Glj Research reiterated a “sell” rating on shares of Sunrun in a report on Wednesday, June 24th. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Barclays decreased their price target on Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Sunrun currently has a consensus rating of “Hold” and a consensus target price of $18.87.

Key Stories Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a new pilot to turn its residential solar and battery network into a distributed AI computing platform, which could open a new, higher-margin revenue stream and expand the company beyond core solar services. Article Title
• Positive Sentiment: Unusual call option buying surged, with investors purchasing far more bullish options than normal, suggesting traders are positioning for additional upside tied to the AI pilot announcement. Article Title
• Neutral Sentiment: Media coverage and commentary around the AI data center pilot helped keep Sunrun in the spotlight, but some reporting noted the news has not yet produced a major stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that can weigh on investor sentiment even if it is not necessarily a negative operational signal. Article Title
• Negative Sentiment: Recent reports also highlighted another insider sale by CEO Mary Powell, reinforcing concerns that management may be taking some profits after the stock’s recent move higher. Article Title

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in shares of Sunrun by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock valued at $42,592,000 after acquiring an additional 145,285 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Sunrun by 33.1% in the 4th quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock worth $5,973,000 after purchasing an additional 80,695 shares during the last quarter. LBP AM SA bought a new stake in shares of Sunrun in the 4th quarter worth approximately $3,307,000. Lingotto Investment Management LLP acquired a new position in Sunrun during the 4th quarter valued at approximately $4,480,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Sunrun during the 4th quarter valued at approximately $2,760,000. 91.69% of the stock is owned by institutional investors.

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.