Sunrun Inc. (NASDAQ:RUN) CRO Sells $33,182.24 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunrun Price Performance

RUN stock opened at $11.37 on Wednesday. The company’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $14.81. The firm has a market cap of $2.55 billion, a P/E ratio of -6.25 and a beta of 2.58. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12 month low of $9.01 and a 12 month high of $22.26.

Institutional Trading of Sunrun

Several large investors have recently made changes to their positions in RUN. Principal Financial Group Inc. raised its position in Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sunrun in the 3rd quarter valued at $76,152,000. Symmetry Investments LP acquired a new position in shares of Sunrun during the 2nd quarter worth $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Sunrun in the third quarter valued at about $955,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays cut their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Morgan Stanley cut their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Glj Research reiterated a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Jefferies Financial Group cut their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.31.

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.