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 business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $39,614.40. Following the completion of the sale, the insider directly 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 Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Sunrun Stock Performance

Sunrun stock traded down $0.76 during mid-day trading on Friday, reaching $10.11. 15,610,645 shares of the stock traded hands, compared to its average volume of 13,581,677. The business's 50-day moving average is $8.67 and its 200-day moving average is $8.22. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.26. The stock has a market capitalization of $2.31 billion, a PE ratio of -0.83 and a beta of 2.60. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same period in the prior year, the company earned ($0.40) earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after buying an additional 52,176 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Sunrun during the fourth quarter valued at approximately $402,000. Charles Schwab Investment Management Inc. raised its position in Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after purchasing an additional 155,311 shares during the period. Sowell Financial Services LLC purchased a new stake in Sunrun during the first quarter valued at approximately $273,000. Finally, Greenvale Capital LLP raised its position in Sunrun by 50.3% during the fourth 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 during the period. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial reaffirmed a "hold" rating and issued a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. KeyCorp raised Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Glj Research cut Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Finally, UBS Group decreased their price target on Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.