Sunrun Inc. (NASDAQ:RUN) CAO Sells $10,670.40 in Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 988 shares of Sunrun stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $10,670.40. Following the transaction, the chief accounting officer directly owned 56,415 shares of the company's stock, valued at approximately $609,282. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sunrun Stock Performance

RUN stock traded up $0.67 during midday trading on Wednesday, hitting $10.51. 19,080,728 shares of the stock traded hands, compared to its average volume of 13,555,245. The stock's fifty day simple moving average is $8.52 and its 200-day simple moving average is $8.20. The firm has a market cap of $2.40 billion, a P/E ratio of -0.87 and a beta of 2.60. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.26. 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 posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business 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 company posted ($0.40) EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the company from $9.00 to $4.00 in a report on Thursday, May 22nd. KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a report on Tuesday. UBS Group reduced their price target on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, BNP Paribas upgraded shares of Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in Sunrun in the 4th quarter valued at about $29,000. Summit Securities Group LLC acquired a new stake in Sunrun in the 4th quarter valued at about $53,000. Apollon Wealth Management LLC acquired a new stake in Sunrun in the 1st quarter valued at about $60,000. US Bancorp DE raised its holdings in Sunrun by 107.6% in the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after acquiring an additional 5,342 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Sunrun by 807.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after acquiring an additional 6,129 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.

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