Sunrun (NASDAQ:RUN) CEO Sells $226,258.66 in Stock

Key Points

• Sunrun CEO Mary Powell sold 11,699 shares on October 6th for a total of $226,258.66, reducing her ownership to 876,590 shares valued at approximately $16.95 million.
• Sunrun's stock traded at $19.40, with a twelve-month range of $5.38 to $20.25, and the company reported revenue of $569.34 million for the last quarter.
• Recent analyst ratings show a consensus of "Moderate Buy" for Sunrun, with fourteen analysts giving a Buy rating and an average price target of $15.69.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 11,699 shares of Sunrun stock in a transaction on Monday, October 6th. The stock was sold at an average price of $19.34, for a total transaction of $226,258.66. Following the sale, the chief executive officer owned 876,590 shares in the company, valued at $16,953,250.60. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, September 8th, Mary Powell sold 3,142 shares of Sunrun stock. The stock was sold at an average price of $16.93, for a total transaction of $53,194.06.
• On Tuesday, September 2nd, Mary Powell sold 1,809 shares of Sunrun stock. The stock was sold at an average price of $15.76, for a total transaction of $28,509.84.

Sunrun Price Performance

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

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

Institutional Trading of Sunrun

A number of hedge funds have recently made changes to their positions in RUN. GAMMA Investing LLC lifted its stake in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after acquiring an additional 607 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock valued at $183,000 after acquiring an additional 1,332 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Sunrun by 12.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company's stock valued at $110,000 after acquiring an additional 1,442 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Sunrun by 0.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company's stock valued at $2,195,000 after acquiring an additional 1,586 shares in the last quarter. Finally, Alterna Wealth Management Inc. grew its holdings in Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after buying an additional 1,720 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RUN has been the subject of several recent research reports. Oppenheimer boosted their price objective on Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a research report on Friday, August 15th. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Cowen restated a "buy" rating on shares of Sunrun in a research note on Thursday, August 7th. Finally, TD Cowen increased their price target on Sunrun from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.69.

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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