Sunrun (NASDAQ:RUN) CEO Sells $53,194.06 in 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 dated Monday, September 8th. The shares were sold at an average price of $16.93, for a total transaction of $53,194.06. Following the transaction, the chief executive officer directly owned 888,289 shares in the company, valued at approximately $15,038,732.77. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, September 2nd, Mary Powell sold 1,809 shares of Sunrun stock. The shares were sold at an average price of $15.76, for a total transaction of $28,509.84.
• 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 transaction of $124,297.20.

Sunrun Price Performance

Shares of NASDAQ:RUN traded up $0.17 during trading hours on Wednesday, hitting $16.20. 6,939,246 shares of the company's stock traded hands, compared to its average volume of 16,461,262. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.77. 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 company's fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $9.29. The company has a market cap of $3.74 billion, a price-to-earnings ratio of -1.40 and a beta of 2.21.

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

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in Sunrun by 50.2% during the 4th quarter. Cetera Investment Advisers now owns 65,022 shares of the energy company's stock worth $601,000 after acquiring an additional 21,737 shares during the last quarter. Deutsche Bank AG boosted its position in Sunrun by 28.5% during the 4th quarter. Deutsche Bank AG now owns 1,662,491 shares of the energy company's stock worth $15,378,000 after acquiring an additional 368,963 shares during the last quarter. Focus Partners Wealth acquired a new position in Sunrun during the 4th quarter worth approximately $101,000. Lighthouse Investment Partners LLC acquired a new position in Sunrun during the 4th quarter worth approximately $92,000. Finally, LMR Partners LLP boosted its position in Sunrun by 138.4% during the 4th quarter. LMR Partners LLP now owns 50,000 shares of the energy company's stock worth $462,000 after acquiring an additional 180,148 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

RUN has been the topic of several recent research reports. KeyCorp raised shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Zacks Research upgraded shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Susquehanna boosted their target price on shares of Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.63.

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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