Insider Selling: Sunrun Inc. (NASDAQ:RUN) CRO Sells 8,010 Shares of Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 8,010 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the transaction, the executive owned 679,044 shares in the company, valued at $7,340,465.64. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sunrun Price Performance

Shares of NASDAQ:RUN traded up $0.67 during midday trading on Wednesday, reaching $10.51. The company's stock had a trading volume of 19,080,728 shares, compared to its average volume of 13,541,993. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.26. The company has a market capitalization of $2.40 billion, a P/E ratio of -0.87 and a beta of 2.60. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. The business's fifty day simple moving average is $8.52 and its 200-day simple moving average is $8.20.

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 the consensus estimate of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The business had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same quarter last year, the business earned ($0.40) earnings per share. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun during the 4th quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Sunrun during the 4th quarter valued at about $53,000. Sterling Capital Management LLC lifted its holdings in shares of Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after purchasing an additional 6,129 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Sunrun during the 4th quarter valued at about $92,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Sunrun during the 4th quarter valued at about $94,000. Institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RUN. BNP Paribas Exane raised Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Monday. Royal Bank Of Canada cut Sunrun from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $12.00 to $5.00 in a research report on Wednesday, June 18th. Wall Street Zen cut Sunrun from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Wells Fargo & Company reduced their price objective on Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. Finally, Truist Financial reissued a "hold" rating and issued a $6.00 price objective (down from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.97.

Sunrun Company Profile

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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