Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell Sells 3,410 Shares

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 3,410 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $62,164.30. Following the transaction, the chief executive officer now directly owns 575,783 shares in the company, valued at approximately $10,496,524.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 value of $40,360.92.
• On Monday, July 8th, Mary Powell sold 5,569 shares of Sunrun stock. The stock was sold at an average price of $12.62, for a total value of $70,280.78.

Sunrun Price Performance

Shares of NASDAQ:RUN traded down $0.09 during midday trading on Tuesday, hitting $17.20. The company’s stock had a trading volume of 5,823,178 shares, compared to its average volume of 12,792,063. Sunrun Inc. has a 12-month low of $8.43 and a 12-month high of $22.26. The company has a market cap of $3.84 billion, a P/E ratio of -2.58 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The business’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $14.02.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. On average, analysts forecast that Sunrun Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Truist Financial Corp purchased a new stake in shares of Sunrun during the 4th quarter valued at approximately $307,000. Victory Capital Management Inc. lifted its position in Sunrun by 579.1% in the fourth quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock valued at $5,078,000 after buying an additional 220,605 shares during the last quarter. Spire Wealth Management boosted its stake in Sunrun by 286.2% during the fourth quarter. Spire Wealth Management now owns 5,395 shares of the energy company’s stock worth $106,000 after buying an additional 3,998 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Sunrun by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,970 shares of the energy company’s stock valued at $24,184,000 after acquiring an additional 29,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sunrun by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock valued at $54,617,000 after acquiring an additional 179,688 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RUN shares. Piper Sandler boosted their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Evercore ISI dropped their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. The Goldman Sachs Group lifted their price objective on Sunrun from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Oppenheimer increased their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

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.