Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 12,493 Shares

Key Points

• Paul Dickson, Chief Revenue Officer of Sunrun, sold 12,493 shares on October 7th at an average price of $20.02, reducing his stake by 1.89% to approximately 647,600 shares.
• Sunrun's stock price was down to $19.40 with a market capitalization of $4.48 billion and notable volatility, as indicated by a beta of 2.41.
• Analysts have recently upgraded their price targets for Sunrun, with Goldman Sachs increasing theirs from $19.00 to $21.00, reflecting a mix of ratings including two Strong Buy and two Sell recommendations.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul Dickson sold 12,493 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $20.02, for a total transaction of $250,109.86. Following the sale, the executive owned 647,600 shares of the company's stock, valued at approximately $12,964,952. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sunrun Stock Performance

Sunrun stock traded down $0.06 during mid-day trading on Wednesday, reaching $19.40. The company's stock had a trading volume of 7,640,937 shares, compared to its average volume of 10,447,330. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $20.25. The company has a market capitalization of $4.48 billion, a P/E 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. The firm's fifty day moving average price is $15.38 and its two-hundred day moving average price is $10.72.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Susquehanna boosted their price objective on shares of Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Sunrun from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a research report on Thursday, August 7th. Finally, KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Sunrun presently has a consensus rating of "Moderate Buy" and an average price target of $15.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sowell Financial Services LLC bought a new position in shares of Sunrun in the first quarter worth approximately $273,000. GAMMA Investing LLC lifted its stake in shares of Sunrun by 572.1% in the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock worth $421,000 after buying an additional 61,198 shares in the last quarter. PGGM Investments lifted its stake in shares of Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock worth $57,319,000 after buying an additional 5,325,332 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Sunrun by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company's stock valued at $4,169,000 after purchasing an additional 151,474 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Sunrun by 2.7% during the first quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company's stock valued at $6,545,000 after purchasing an additional 29,227 shares during the period. Institutional investors 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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