Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 11,509 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the transaction, the chief executive officer owned 893,240 shares of the company's stock, valued at $9,646,992. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Mary Powell also recently made the following trade(s):
- On Friday, June 6th, Mary Powell sold 2,981 shares of Sunrun stock. The stock was sold at an average price of $8.23, for a total value of $24,533.63.
Sunrun Stock Performance
NASDAQ:RUN traded down $0.76 during mid-day trading on Friday, reaching $10.11. The stock had a trading volume of 15,610,645 shares, compared to its average volume of 13,581,673. The business has a 50 day simple moving average of $8.67 and a 200 day simple moving average of $8.22. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.26. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -0.83 and a beta of 2.60.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The company had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same period last year, the firm earned ($0.40) EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sunrun
A number of hedge funds and other institutional investors have recently modified their holdings of RUN. Charles Schwab Investment Management Inc. increased its stake in shares of Sunrun by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after purchasing an additional 155,311 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sunrun during the 4th quarter worth approximately $867,000. Edgestream Partners L.P. increased its stake in shares of Sunrun by 43.2% during the 4th quarter. Edgestream Partners L.P. now owns 127,370 shares of the energy company's stock worth $1,178,000 after purchasing an additional 38,402 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Sunrun during the 4th quarter worth approximately $284,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Sunrun during the 4th quarter worth approximately $307,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RUN has been the topic of a number of research reports. Morgan Stanley restated an "equal weight" rating and set a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and decreased their price target for the stock from $9.00 to $4.00 in a research note on Thursday, May 22nd. The Goldman Sachs Group increased their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Wells Fargo & Company reduced their price objective on Sunrun from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Finally, Mizuho set a $13.00 price objective on Sunrun and gave the company an "outperform" rating in a research note on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $13.97.
View Our Latest Stock Analysis on Sunrun
About Sunrun
(
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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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