Mary Powell Sells 3,142 Shares of Sunrun (NASDAQ:RUN) Stock

Key Points

• Sunrun CEO Mary Powell sold 3,142 shares of the company's stock for a total of $53,194.06, resulting in a 0.35% decrease in her ownership position.
• Sunrun reported an EPS of $1.07 for the last quarter, surpassing analysts' expectations of ($0.18) and achieving a revenue of $569.34 million.
• Institutional investors hold 91.69% of Sunrun's stock, with several firms including Cetera Investment Advisers and Deutsche Bank AG increasing their positions in the company recently.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 3,142 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $16.93, for a total value of $53,194.06. Following the completion of the sale, the chief executive officer owned 888,289 shares of the company's stock, valued at approximately $15,038,732.77. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $28,509.84.
• On Monday, July 7th, Mary Powell sold 11,509 shares of Sunrun stock. The stock was sold at an average price of $10.80, for a total value of $124,297.20.

Sunrun Trading Up 4.2%

RUN traded up $0.68 during trading on Monday, reaching $16.74. The company had a trading volume of 5,211,528 shares, compared to its average volume of 16,648,123. The stock has a market cap of $3.86 billion, a P/E ratio of -1.44 and a beta of 2.21. The business has a 50 day simple moving average of $12.86 and a 200-day simple moving average of $9.41. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.77. 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 (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share 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 analyst estimates of $555.42 million. During the same quarter last year, the firm posted $0.55 earnings per share. The business's revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock worth $34,000 after acquiring an additional 2,660 shares in the last quarter. Spire Wealth Management increased its holdings in Sunrun by 960.0% during the 2nd quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock worth $43,000 after purchasing an additional 4,800 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Sunrun by 87.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock worth $47,000 after purchasing an additional 2,700 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of Sunrun in the 1st quarter valued at about $60,000. Finally, US Bancorp DE increased its holdings in shares of Sunrun by 107.6% in the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after acquiring an additional 5,342 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp upgraded Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Susquehanna raised their price target on Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Oppenheimer raised their price target on Sunrun from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target on the stock in a research note on Monday, July 7th. Finally, TD Cowen upped their price objective on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sunrun has an average rating of "Moderate Buy" and a consensus target price of $14.81.

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.