Jeanna Steele Sells 3,668 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 3,668 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $39,614.40. Following the transaction, the insider owned 439,620 shares of the company's stock, valued at $4,747,896. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, June 6th, Jeanna Steele sold 1,359 shares of Sunrun stock. The shares were sold at an average price of $8.23, for a total value of $11,184.57.

Sunrun Stock Up 6.8%

NASDAQ RUN traded up $0.67 on Wednesday, reaching $10.51. The company had a trading volume of 19,080,728 shares, compared to its average volume of 13,555,245. The company's fifty day moving average is $8.52 and its 200-day moving average is $8.20. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -0.87 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its position in Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after buying an additional 10,294,947 shares in the last quarter. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 50.3% in 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. Sylebra Capital LLC boosted its holdings in shares of Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after purchasing an additional 3,699,405 shares in the last quarter. Norges Bank acquired a new stake in shares of Sunrun in the 4th quarter valued at $31,022,000. Finally, Maple Rock Capital Partners Inc. boosted its holdings in shares of Sunrun by 92.8% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company's stock valued at $33,278,000 after purchasing an additional 1,732,000 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RUN. Mizuho set a $13.00 target price on Sunrun and gave the company an "outperform" rating in a research note on Monday, June 2nd. Citigroup restated a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 target price on the stock in a research report on Monday. Wells Fargo & Company dropped their target price on Sunrun from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. Finally, UBS Group decreased their price target on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.97.

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.

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