Sunrun Inc. (NASDAQ:RUN) General Counsel Jeanna Steele sold 2,162 shares of Sunrun stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $43.31, for a total transaction of $93,636.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Jeanna Steele also recently made the following trade(s):
- On Thursday, September 23rd, Jeanna Steele sold 2,891 shares of Sunrun stock. The stock was sold at an average price of $45.33, for a total transaction of $131,049.03.
- On Friday, September 17th, Jeanna Steele sold 792 shares of Sunrun stock. The stock was sold at an average price of $44.06, for a total transaction of $34,895.52.
- On Monday, June 21st, Jeanna Steele sold 3,334 shares of Sunrun stock. The shares were sold at an average price of $51.50, for a total transaction of $171,701.00.
Shares of RUN opened at $44.01 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 0.81. Sunrun Inc. has a 12-month low of $37.42 and a 12-month high of $100.93. The firm has a 50-day moving average price of $45.48 and a 200 day moving average price of $48.35. The firm has a market capitalization of $9.06 billion, a P/E ratio of -47.84 and a beta of 2.09.
Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, August 5th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.02) by ($0.18). The firm had revenue of $401.17 million during the quarter, compared to analysts' expectations of $374.36 million. Sunrun had a negative net margin of 15.55% and a negative return on equity of 0.44%. Equities research analysts predict that Sunrun Inc. will post -0.17 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on RUN. Zacks Investment Research upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a report on Thursday, August 19th. Truist Securities decreased their price objective on shares of Sunrun from $81.00 to $74.00 and set a "buy" rating for the company in a report on Monday, August 9th. TheStreet lowered shares of Sunrun from a "c-" rating to a "d" rating in a report on Friday, September 17th. BMO Capital Markets assumed coverage on shares of Sunrun in a report on Thursday, September 30th. They issued an "outperform" rating and a $65.00 price target for the company. Finally, Truist reduced their price target on shares of Sunrun from $81.00 to $74.00 and set a "buy" rating for the company in a report on Monday, August 9th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $79.09.
Several institutional investors and hedge funds have recently modified their holdings of RUN. State of Alaska Department of Revenue raised its holdings in Sunrun by 26.3% in the third quarter. State of Alaska Department of Revenue now owns 31,606 shares of the energy company's stock valued at $1,390,000 after acquiring an additional 6,587 shares in the last quarter. Boothe Investment Group Inc. raised its holdings in Sunrun by 4.8% during the third quarter. Boothe Investment Group Inc. now owns 98,956 shares of the energy company's stock worth $4,408,000 after purchasing an additional 4,506 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Sunrun during the second quarter worth approximately $869,000. Newbridge Financial Services Group Inc. grew its position in shares of Sunrun by 300.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 800 shares of the energy company's stock worth $45,000 after acquiring an additional 600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Sunrun by 55.2% during the second quarter. Parametric Portfolio Associates LLC now owns 234,327 shares of the energy company's stock worth $13,071,000 after acquiring an additional 83,377 shares during the last quarter. 92.97% of the stock is currently owned by institutional investors and hedge funds.
Sunrun Company Profile
SunRun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. The firm also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan.
Further Reading: Cost of Goods Sold (COGS)
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