Sunrun Inc. (NASDAQ:RUN – Get Free Report) CEO Mary Powell sold 6,415 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10. Following the completion of the sale, the chief executive officer now directly owns 569,368 shares in the company, valued at approximately $9,303,473.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mary Powell also recently made the following trade(s):
- On Friday, September 6th, Mary Powell sold 3,410 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total transaction of $62,164.30.
- On Tuesday, September 3rd, Mary Powell sold 2,148 shares of Sunrun stock. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92.
Sunrun Trading Down 1.5 %
RUN opened at $16.39 on Wednesday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The stock has a market capitalization of $3.63 billion, a PE ratio of -2.46 and a beta of 2.58. The business’s 50 day moving average price is $18.71 and its 200 day moving average price is $15.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.
Hedge Funds Weigh In On Sunrun
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter valued at approximately $36,000. BNP Paribas acquired a new position in Sunrun in the 1st quarter valued at $37,000. CWM LLC raised its holdings in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun during the 2nd quarter worth $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Sunrun during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. UBS Group upped their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. BMO Capital Markets upped their target price on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, Susquehanna lifted their price objective on Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.39.
Get Our Latest Analysis on Sunrun
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.
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