Jeanna Steele Sells 1,359 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,359 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.23, for a total value of $11,184.57. Following the transaction, the insider now owns 443,288 shares of the company's stock, valued at $3,648,260.24. This represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeanna Steele also recently made the following trade(s):

• On Monday, April 7th, Jeanna Steele sold 9,942 shares of Sunrun stock. The shares were sold at an average price of $6.74, for a total value of $67,009.08.

Sunrun Trading Up 18.1%

Shares of RUN stock traded up $1.53 on Friday, reaching $10.00. 42,796,049 shares of the company's stock were exchanged, compared to its average volume of 12,119,051. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2.28 billion, a PE ratio of -5.49 and a beta of 2.61. The company's fifty day simple moving average is $8.04 and its 200 day simple moving average is $8.50.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. Sunrun's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned ($0.40) EPS. As a group, analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 19th. UBS Group lowered their price objective on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 30th. BMO Capital Markets lowered Sunrun from a "hold" rating to a "strong sell" rating and lowered their price objective for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. BNP Paribas Exane lowered Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research note on Thursday, May 22nd. Finally, TD Cowen lowered their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.06.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Sunrun by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock valued at $219,679,000 after purchasing an additional 343,448 shares in the last quarter. Greenvale Capital LLP raised its position in Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after purchasing an additional 10,294,947 shares in the last quarter. Sylebra Capital LLC raised its position in Sunrun by 23.8% during the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock valued at $48,482,000 after purchasing an additional 1,590,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Sunrun by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after purchasing an additional 1,427,858 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

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.