Sunrun (NASDAQ:RUN) Stock: Insider Maria Barak Sells 3,256 Shares

Key Points

• Sunrun CAO Maria Barak sold 3,256 shares for about $30,444 at an average $9.35 under a pre-arranged Rule 10b5-1 plan. She retained 85,006 shares after the sale.
• Sunrun reported quarterly earnings of $0.56 per share, beating the $0.16 consensus estimate, and revenue of $1.10 billion versus analysts’ $757.5 million estimate.
• Analysts’ consensus rating was “Hold,” with an average price target of $14.39. Sunrun shares were up 1.3% in the cited Wednesday session, trading at $8.79.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 3,256 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $9.35, for a total value of $30,443.60. Following the transaction, the chief accounting officer directly owned 85,006 shares of the company's stock, valued at approximately $794,806.10. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maria Barak also recently made the following trade(s):

• On Tuesday, October 6th, Maria Barak sold 1,771 shares of Sunrun stock. The shares were sold at an average price of $7.77, for a total transaction of $13,760.67.

Sunrun Stock Up 1.3%

Shares of NASDAQ RUN traded up $0.11 during mid-day trading on Wednesday, hitting $8.79. The company had a trading volume of 31,965,243 shares, compared to its average volume of 9,366,958. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $12.38. The company has a market capitalization of $2.12 billion, a PE ratio of 5.94 and a beta of 2.35. Sunrun Inc. has a one year low of $6.78 and a one year high of $21.95.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $757.53 million. On average, equities analysts expect that Sunrun Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RUN. TD Cowen reduced their target price on shares of Sunrun from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group reduced their target price on Sunrun from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Mizuho set a $18.00 target price on Sunrun in a report on Thursday, August 6th. Roth Capital reiterated a "buy" rating on shares of Sunrun in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. dropped their target price on Sunrun from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $14.39.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the company. M&G PLC boosted its position in shares of Sunrun by 40.1% in the 3rd quarter. M&G PLC now owns 63,536 shares of the energy company's stock worth $508,000 after purchasing an additional 18,195 shares in the last quarter. Fulcrum Asset Management LLP increased its position in Sunrun by 27.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 65,432 shares of the energy company's stock valued at $505,000 after buying an additional 14,210 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Sunrun during the 3rd quarter valued at approximately $103,000. Brighton Jones LLC purchased a new position in Sunrun during the third quarter valued at $92,000. Finally, Parallel Advisors LLC raised its stake in Sunrun by 72.2% during the third quarter. Parallel Advisors LLC now owns 6,765 shares of the energy company's stock valued at $53,000 after buying an additional 2,837 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Key Headlines Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Investors are buying solar stocks after Democrats won control of both chambers of Congress, in a move dubbed the “Blue Trade.” The market appears to be anticipating a more favorable policy backdrop for clean energy; Sunrun was among the solar stocks rallying. Article: Blue trade sends First Solar and Sunrun soaring
• Positive Sentiment: Sunrun said participation in its Puerto Rico distributed power plant doubled to more than 60,000 customers, representing nearly 70,000 home batteries. The network can provide 45 megawatts of dispatchable power for up to four hours, supporting the island’s grid and demonstrating the scale of Sunrun’s home-to-grid operations. Article: Sunrun Doubles Puerto Rico Distributed Power Plant Participation
• Neutral Sentiment: The broader solar-sector rebound was already extending into a second session on Tuesday, ahead of a busy stretch of earnings reports. Sunrun’s third-quarter results were still upcoming in the supplied coverage, leaving investors without a new earnings update in these reports. Article: Solar rebound extends into earnings
• Negative Sentiment: A recent article noted that Sunrun shares had fallen sharply even as sales rose, underscoring the stock’s substantial prior weakness and the risks that may continue to weigh on sentiment. Article: Sunrun Fell 55% While Sales Rose

About Sunrun

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.

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