Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak Sells 988 Shares

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 988 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $10,670.40. Following the transaction, the chief accounting officer owned 56,415 shares of the company's stock, valued at approximately $609,282. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sunrun Stock Down 7.0%

RUN stock traded down $0.76 during mid-day trading on Friday, hitting $10.11. The stock had a trading volume of 15,610,645 shares, compared to its average volume of 13,581,677. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.26. The company has a fifty day moving average of $8.67 and a 200 day moving average of $8.22. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -0.83 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same period in the prior year, the firm posted ($0.40) EPS. The business's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on RUN shares. Susquehanna reduced their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Monday. Wells Fargo & Company reduced their price target on Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. Mizuho set a $13.00 price target on Sunrun and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Finally, BMO Capital Markets lowered Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $13.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Sunrun by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after purchasing an additional 1,571 shares during the last quarter. Alterna Wealth Management Inc. boosted its stake in shares of Sunrun by 16.6% during the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after acquiring an additional 1,720 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Sunrun by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after acquiring an additional 1,749 shares during the last quarter. Xponance Inc. increased its holdings in shares of Sunrun by 13.2% during the 4th 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. Finally, Scotia Capital Inc. increased its holdings in shares of Sunrun by 17.7% during the 4th quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company's stock valued at $133,000 after acquiring an additional 2,157 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

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.