Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 2,981 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $8.23, for a total value of $24,533.63. Following the sale, the chief executive officer now directly owns 904,749 shares in the company, valued at $7,446,084.27. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Price Performance
NASDAQ:RUN traded down $0.16 during mid-day trading on Wednesday, reaching $8.70. 14,209,008 shares of the company were exchanged, compared to its average volume of 12,012,966. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.99 billion, a PE ratio of -4.78 and a beta of 2.61. Sunrun Inc. has a 12 month low of $5.45 and a 12 month high of $22.26. The company has a fifty day moving average of $7.92 and a 200 day moving average of $8.53.
Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly 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 net margin of 18.80% and a negative return on equity of 5.15%. 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 firm earned ($0.40) earnings per share. Sunrun's revenue was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.
Institutional Investors Weigh In On Sunrun
A number of institutional investors and hedge funds have recently made changes to their positions in RUN. CIBC Asset Management Inc raised its holdings in Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after purchasing an additional 1,360 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after buying an additional 1,571 shares during the period. Alterna Wealth Management Inc. raised its stake in shares of Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after buying an additional 1,720 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after buying an additional 1,749 shares during the period. Finally, Xponance Inc. boosted its stake in Sunrun by 13.2% in the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock valued at $150,000 after acquiring an additional 1,895 shares during the last quarter. Institutional investors own 91.69% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on RUN shares. BNP Paribas downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price objective on shares of Sunrun in a research note on Wednesday, April 23rd. BNP Paribas Exane downgraded shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research note on Thursday, May 22nd. The Goldman Sachs Group boosted their price target on shares of Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Susquehanna reduced their price objective on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.06.
View Our Latest Stock Analysis on Sunrun
About Sunrun
(
Get Free Report)
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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