Sunrun (NASDAQ:RUN) CEO Sells $28,509.84 in Stock

Key Points

• Mary Powell, CEO of Sunrun, sold 1,809 shares of the company's stock for a total value of $28,509.84, reducing her ownership by 0.20% but still retaining 891,431 shares valued at over $14 million.
• In its latest earnings report, Sunrun demonstrated strong performance with $1.07 earnings per share, exceeding estimates by $1.25, and reported revenue of $569.34 million for the quarter.
• A significant number of analysts have recently upgraded Sunrun's stock rating, with BNP Paribas raising its rating to "strong-buy" and setting a price objective of $21.00.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 1,809 shares of Sunrun stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $15.76, for a total value of $28,509.84. Following the completion of the transaction, the chief executive officer owned 891,431 shares in the company, valued at $14,048,952.56. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, July 7th, Mary Powell sold 11,509 shares of Sunrun stock. The shares were sold at an average price of $10.80, for a total value of $124,297.20.
• On Friday, June 6th, Mary Powell sold 2,981 shares of Sunrun stock. The shares were sold at an average price of $8.23, for a total value of $24,533.63.

Sunrun Price Performance

Shares of Sunrun stock traded up $0.55 during trading on Wednesday, reaching $16.48. The company's stock had a trading volume of 8,760,353 shares, compared to its average volume of 18,880,708. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $21.77. The company has a market capitalization of $3.80 billion, a P/E ratio of -1.42 and a beta of 2.21. The business has a 50 day moving average price of $11.79 and a 200-day moving average price of $9.01.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Monday, July 7th. The Goldman Sachs Group lifted their price objective on Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Susquehanna lifted their price objective on Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Finally, Oppenheimer lifted their price objective on Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.63.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently modified their holdings of RUN. Smartleaf Asset Management LLC boosted its holdings in Sunrun by 181.0% in 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 last quarter. Spire Wealth Management boosted its holdings in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock valued at $43,000 after purchasing an additional 4,800 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Sunrun by 87.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 2,700 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Sunrun in the first quarter valued at about $60,000. Finally, US Bancorp DE boosted its holdings in Sunrun by 107.6% in the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after purchasing an additional 5,342 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

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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