Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 1,433 Shares

Key Points

• Insider Jeanna Steele sold 1,433 shares of Sunrun stock at an average price of $16.93, totaling approximately $24,260, which represents a 0.35% decrease in her ownership.
• Sunrun reported a strong quarterly earnings result, beating consensus estimates with $1.07 EPS and an increase in revenue, marking an 8.7% rise compared to the previous year.
• Analysts have issued a consensus price target of $14.63 for Sunrun, with ratings ranging from "Strong Buy" to "Sell," indicating mixed market sentiment on the stock's future performance.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,433 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $16.93, for a total transaction of $24,260.69. Following the transaction, the insider directly owned 413,693 shares in the company, valued at $7,003,822.49. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The shares were sold at an average price of $16.75, for a total transaction of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The shares were sold at an average price of $16.25, for a total transaction of $283,026.25.
• On Monday, July 7th, Jeanna Steele sold 3,668 shares of Sunrun stock. The shares were sold at an average price of $10.80, for a total transaction of $39,614.40.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.68 during mid-day trading on Monday, hitting $16.74. The company had a trading volume of 5,211,528 shares, compared to its average volume of 16,648,123. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $21.77. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The firm has a market cap of $3.86 billion, a P/E ratio of -1.44 and a beta of 2.21. The business's 50-day simple moving average is $12.86 and its 200-day simple moving average is $9.41.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company's revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. As a group, analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on RUN shares. Royal Bank Of Canada raised shares of Sunrun from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $12.00 to $16.00 in a report on Monday, August 18th. BMO Capital Markets lifted their target price on shares of Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Sunrun from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Wells Fargo & Company lifted their price target on shares of Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, UBS Group lifted their price target on shares of Sunrun from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.81.

Institutional Trading of Sunrun

A number of large investors have recently added to or reduced their stakes in RUN. Osaic Holdings Inc. lifted its position in shares of Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock valued at $183,000 after buying an additional 1,332 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Sunrun by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 168,009 shares of the energy company's stock worth $1,374,000 after purchasing an additional 3,228 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Sunrun in the second quarter worth about $667,000. Marex Group plc purchased a new position in shares of Sunrun in the second quarter worth about $2,948,000. Finally, Nomura Holdings Inc. grew its stake in Sunrun by 197.0% during the second quarter. Nomura Holdings Inc. now owns 120,612 shares of the energy company's stock valued at $987,000 after acquiring an additional 244,965 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.