Sunrun (NASDAQ:RUN) Stock: Insider Mary Powell Sells 24,335 Shares

Key Points

• CEO Mary Powell sold 24,335 Sunrun shares at an average price of $7.76, generating $188,839.60. The sale covered tax withholding tied to vested equity awards, and she retained 1,087,200 shares.
• Sunrun shares fell 2.1% to $7.61, near the company’s 52-week low of $7.42, while trading volume exceeded its average. The stock has a market capitalization of approximately $1.83 billion.
• Sunrun’s latest quarterly results exceeded analyst expectations, with $0.42 in earnings per share and $869.99 million in revenue, up 52.8% year over year. Analysts’ consensus rating remains Hold, with an average price target of $16.70.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 24,335 shares of the company's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $188,839.60. Following the sale, the chief executive officer owned 1,087,200 shares of the company's stock, valued at approximately $8,436,672. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Trading Down 2.1%

Shares of RUN stock traded down $0.16 during mid-day trading on Wednesday, reaching $7.61. 13,376,906 shares of the stock traded hands, compared to its average volume of 9,299,989. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 5.14 and a beta of 2.44. Sunrun Inc. has a 1-year low of $7.42 and a 1-year high of $22.44. The stock's fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $11.63. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, research analysts anticipate that Sunrun Inc. will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in RUN. U S Wealth Group LLC. grew its position in shares of Sunrun by 23.1% in the 2nd quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company's stock worth $1,284,000 after buying an additional 18,006 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Sunrun during the second quarter valued at approximately $594,000. Engineers Gate Manager LP purchased a new stake in Sunrun in the second quarter worth $328,000. Nykredit A S bought a new stake in Sunrun in the second quarter valued at $78,000. Finally, Amundi increased its position in Sunrun by 3.9% during the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company's stock valued at $45,845,000 after purchasing an additional 127,878 shares during the period. Institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RUN shares. Glj Research reissued a "sell" rating and set a $4.63 target price on shares of Sunrun in a research report on Monday, August 17th. Citigroup cut their price target on shares of Sunrun from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Mizuho set a $18.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Wells Fargo & Company cut their price objective on Sunrun from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, August 14th. Finally, TD Cowen decreased their price objective on Sunrun from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.70.

About Sunrun

Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.

Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.

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