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.
Read Our Latest Research Report on RUN
Sunrun Company Profile
(
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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.
Further Reading

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