Sunrun Inc. (NASDAQ:RUN) Director Alan Ferber Sells 10,927 Shares

Key Points

• Alan Ferber, director of Sunrun Inc., sold 10,927 shares for a total of $122,819.48, resulting in a 16.59% decrease in his ownership.
• Sunrun reported positive earnings of $1.07 per share for the last quarter, outperforming estimates and marking an 8.7% year-over-year revenue increase.
• Analysts maintain a consensus "Hold" rating on Sunrun's stock, with a price target averaging $14.13, illustrating mixed outlooks from different financial institutions.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Alan Ferber sold 10,927 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the sale, the director directly owned 54,947 shares in the company, valued at $617,604.28. This represents a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sunrun Price Performance

NASDAQ:RUN traded up $3.44 during trading hours on Friday, hitting $13.92. The stock had a trading volume of 76,333,032 shares, compared to its average volume of 17,140,199. The company has a 50 day simple moving average of $9.52 and a two-hundred day simple moving average of $8.33. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -1.20 and a beta of 2.37. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. Research analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RUN. Citigroup restated a "neutral" rating and set a $7.00 price objective on shares of Sunrun in a research note on Thursday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $14.00 target price (up previously from $8.00) on shares of Sunrun in a research report on Thursday. BMO Capital Markets set a $10.00 price objective on shares of Sunrun and gave the company an "underperform" rating in a report on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Susquehanna boosted their price objective on shares of Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a sell rating, ten have assigned 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 currently has a consensus rating of "Hold" and an average price target of $14.13.

Hedge Funds Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock valued at $34,000 after purchasing an additional 2,660 shares during the period. Spire Wealth Management boosted its position in Sunrun by 960.0% during the 2nd quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock valued at $43,000 after buying an additional 4,800 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Sunrun by 87.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock worth $47,000 after acquiring an additional 2,700 shares during the last quarter. Sterling Capital Management LLC grew 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 worth $64,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Sunrun by 436.4% in the second quarter. Signaturefd LLC now owns 7,805 shares of the energy company's stock valued at $64,000 after acquiring an additional 6,350 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

About Sunrun

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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