Sunrun Inc. (NASDAQ:RUN) CRO Sells $86,588.10 in Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 8,010 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.81, for a total transaction of $86,588.10. Following the completion of the transaction, the executive owned 679,044 shares of the company's stock, valued at approximately $7,340,465.64. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sunrun Trading Up 3.9%

Shares of Sunrun stock traded up $0.41 during mid-day trading on Thursday, hitting $10.92. The stock had a trading volume of 9,844,514 shares, compared to its average volume of 13,541,748. The firm has a 50-day moving average of $8.59 and a two-hundred day moving average of $8.21. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.26. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89. The firm has a market cap of $2.50 billion, a P/E ratio of -0.90 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 for the quarter, beating the consensus estimate 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 business had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. During the same quarter in the prior year, the company posted ($0.40) EPS. The business's revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RUN. BMO Capital Markets downgraded shares of Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Jefferies Financial Group upgraded shares of Sunrun from an "underperform" rating to a "hold" rating and upped their price target for the stock from $5.00 to $11.00 in a research report on Wednesday. Truist Financial restated a "hold" rating and set a $6.00 price target (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Morgan Stanley restated an "equal weight" rating and set a $11.00 price target on shares of Sunrun in a research report on Wednesday, April 23rd. Finally, Glj Research downgraded shares of Sunrun from a "hold" rating to a "sell" rating in a research report on Tuesday, June 17th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.97.

Institutional Trading of Sunrun

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Sunrun during the 4th quarter worth approximately $53,000. Sterling Capital Management LLC boosted its position 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 worth $64,000 after purchasing an additional 6,129 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Sunrun during the 4th quarter worth approximately $92,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sunrun during the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.