Sunrun (NASDAQ:RUN) CAO Maria Barak Sells 3,278 Shares

Key Points

• Sunrun CAO Maria Barak sold 3,278 shares on July 9 at an average price of $12.17, totaling about $39,893. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she now directly owns 90,033 shares.
• The stock rose 3.7% in Thursday trading to $12.46, with volume slightly below its average. Even so, shares remain below both the 50-day and 200-day moving averages.
• Sunrun posted stronger-than-expected quarterly results, reporting $0.62 EPS versus a consensus loss estimate and revenue of $722.23 million, up 43.2% year over year. Analysts currently have an average rating of Hold with an average price target of $18.87.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 3,278 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.17, for a total value of $39,893.26. Following the transaction, the chief accounting officer directly owned 90,033 shares of the company's stock, valued at approximately $1,095,701.61. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maria Barak also recently made the following trade(s):

• On Monday, July 6th, Maria Barak sold 1,747 shares of Sunrun stock. The shares were sold at an average price of $13.17, for a total value of $23,007.99.

Sunrun Stock Up 3.7%

Shares of NASDAQ RUN traded up $0.45 during midday trading on Thursday, hitting $12.46. 8,950,093 shares of the company's stock were exchanged, compared to its average volume of 9,743,506. The firm's fifty day simple moving average is $13.66 and its 200-day simple moving average is $15.32. The company has a market cap of $2.97 billion, a PE ratio of 5.85 and a beta of 2.32. Sunrun Inc. has a twelve month low of $9.01 and a twelve month high of $22.44. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The company had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm's revenue was up 43.2% on a year-over-year basis. Research analysts predict that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock worth $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun in the 4th quarter worth $27,000. Sycomore Asset Management acquired a new stake in shares of Sunrun in the 3rd quarter worth $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock valued at $28,000 after acquiring an additional 564 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sunrun in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI compute pilot that could turn its large customer base into a new high-margin business, potentially boosting long-term growth and investor optimism. Sunrun Launches Distributed AI Data Center Pilot Backed By Existing Home Energy Generation
• Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for further upside in RUN, which can add momentum to the stock. Stock Traders Buy Large Volume of Call Options on Sunrun NASDAQ: RUN
• Positive Sentiment: Market coverage highlighted that Sunrun’s AI-data-center pilot may be the start of a bigger opportunity, reinforcing the growth story around the company’s existing energy infrastructure. Sunrun’s new distributed AI data center pilot could be the start of something big

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Roth Capital reiterated a "buy" rating on shares of Sunrun in a research note on Thursday. UBS Group lowered their target price on shares of Sunrun from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, June 16th. Susquehanna cut their target price on shares of Sunrun from $24.00 to $19.00 and set a "positive" rating on the stock in a report on Thursday, April 9th. Weiss Ratings upgraded shares of Sunrun from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 24th. Finally, Citigroup decreased their price target on shares of Sunrun from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.87.

About Sunrun

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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