Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 25,614 Shares

Key Points

• Paul Dickson, the Chief Revenue Officer of Sunrun, sold 25,614 shares at an average price of $20.00, resulting in a total transaction value of $512,280, which decreased his ownership share by 3.76%.
• Sunrun's stock closed at $19.11, reflecting a slight decrease of 0.2%, and it has seen a trading volume of over 10 million shares, which is close to its average.
• Recent analyst ratings for Sunrun show a range of opinions, with two analysts giving it a Strong Buy rating and a consensus target price of $15.60 despite varied assessments from different firms.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul Dickson sold 25,614 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total transaction of $512,280.00. Following the completion of the sale, the executive directly owned 655,734 shares of the company's stock, valued at $13,114,680. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sunrun Stock Down 0.2%

RUN stock traded down $0.04 during trading hours on Friday, hitting $19.11. The company's stock had a trading volume of 10,736,026 shares, compared to its average volume of 11,150,735. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $4.41 billion, a PE ratio of -1.65 and a beta of 2.41. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $20.02. The stock has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $10.45.

Sunrun (NASDAQ:RUN - Get Free Report) last posted 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 the consensus estimate of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

RUN has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sunrun in a report on Saturday, September 27th. Royal Bank Of Canada raised shares of Sunrun from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $12.00 to $16.00 in a report on Monday, August 18th. BNP Paribas raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Susquehanna increased their price target on shares of Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Finally, Oppenheimer increased their price target on shares of Sunrun from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Two 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.60.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently made changes to their positions in RUN. PGGM Investments raised its stake in shares of Sunrun by 316.6% in the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock valued at $57,319,000 after buying an additional 5,325,332 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in shares of Sunrun by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company's stock worth $66,525,000 after purchasing an additional 3,974,464 shares in the last quarter. Sylebra Capital LLC increased its position in shares of Sunrun by 23.8% during the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after purchasing an additional 1,590,169 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sunrun during the 2nd quarter worth about $9,668,000. Finally, HRT Financial LP acquired a new stake in shares of Sunrun during the 2nd quarter worth about $9,416,000. Institutional investors and hedge funds own 91.69% of the company's stock.

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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