Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 2,981 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $8.23, for a total value of $24,533.63. Following the completion of the transaction, the chief executive officer now directly owns 904,749 shares of the company's stock, valued at approximately $7,446,084.27. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Mary Powell also recently made the following trade(s):
- On Monday, April 7th, Mary Powell sold 31,197 shares of Sunrun stock. The shares were sold at an average price of $6.74, for a total value of $210,267.78.
Sunrun Trading Up 18.1%
RUN stock traded up $1.53 during trading on Friday, hitting $10.00. The company had a trading volume of 42,796,049 shares, compared to its average volume of 12,119,051. The business has a 50-day moving average of $8.04 and a 200-day moving average of $8.50. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The stock has a market cap of $2.28 billion, a PE ratio of -5.49 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.
Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. Research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of Sunrun
Several institutional investors have recently added to or reduced their stakes in RUN. Janney Montgomery Scott LLC bought a new stake in Sunrun in the fourth quarter valued at approximately $118,000. Bleakley Financial Group LLC lifted its stake in Sunrun by 39.3% in the fourth quarter. Bleakley Financial Group LLC now owns 18,915 shares of the energy company's stock valued at $175,000 after buying an additional 5,332 shares during the period. Empowered Funds LLC lifted its stake in Sunrun by 23.2% in the fourth quarter. Empowered Funds LLC now owns 13,734 shares of the energy company's stock valued at $127,000 after buying an additional 2,588 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock valued at $229,000 after buying an additional 1,360 shares during the period. 91.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on RUN. BNP Paribas Exane cut Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Thursday, May 22nd. Jefferies Financial Group cut Sunrun from a "hold" rating to an "underperform" rating and decreased their target price for the company from $6.00 to $5.00 in a research report on Wednesday. Truist Financial reiterated a "hold" rating and issued a $6.00 target price (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $12.00 target price on shares of Sunrun in a research report on Tuesday, June 3rd. Finally, UBS Group decreased their target price on Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.06.
Read Our Latest Stock Report on Sunrun
Sunrun Company Profile
(
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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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