Sunrun (NASDAQ:RUN) CAO Sells $19,436.70 in Stock

Key Points

• Sunrun's CAO, Maria Barak, sold 1,005 shares of the company's stock for a total of $19,436.70, decreasing her ownership by 1.05% to 94,803 shares.
• The company's stock price has fluctuated, recently trading at $19.40, with a 52-week range between $5.38 and $20.25.
• Sunrun announced a quarterly earnings report showing an EPS of $1.07, exceeding expectations and reflecting an 8.7% year-over-year revenue increase.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 1,005 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $19,436.70. Following the sale, the chief accounting officer directly owned 94,803 shares of the company's stock, valued at approximately $1,833,490.02. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunrun Price Performance

NASDAQ RUN traded down $0.06 during trading hours on Wednesday, hitting $19.40. The company had a trading volume of 7,640,937 shares, compared to its average volume of 10,447,330. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -1.67 and a beta of 2.41. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $20.25. The firm has a 50 day simple moving average of $15.38 and a 200 day simple moving average of $10.72.

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

Analysts Set New Price Targets

RUN has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised Sunrun from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $12.00 to $16.00 in a research note on Monday, August 18th. Wells Fargo & Company lifted their price target on Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. BMO Capital Markets lifted their price target on Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Sunrun from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Finally, BNP Paribas upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.69.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock valued at $311,000 after acquiring an additional 607 shares during the last quarter. Osaic Holdings Inc. boosted its position in Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock worth $183,000 after purchasing an additional 1,332 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Sunrun by 12.0% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company's stock worth $110,000 after purchasing an additional 1,442 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Sunrun by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company's stock valued at $2,195,000 after buying an additional 1,586 shares during the last quarter. Finally, Alterna Wealth Management Inc. boosted its position in Sunrun by 16.6% in the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock valued at $71,000 after buying an additional 1,720 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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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