Insider Selling: Sunrun (NASDAQ:RUN) CRO Sells 2,577 Shares of Stock

Key Points

• Sunrun's Chief Revenue Officer, Paul Dickson, sold 2,577 shares at an average price of $16.92, decreasing his ownership by 0.38% to 676,467 shares valued at over $11.4 million.
• Sunrun's stock saw a 1.1% increase on Wednesday, trading at $16.20 after reaching a 52-week low of $5.38 and a high of $21.77.
• Analysts have updated their ratings for Sunrun, with Zacks Research and BNP Paribas both issuing a "strong-buy" rating recently, while the consensus price target is now $14.63.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul S. Dickson sold 2,577 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $16.92, for a total value of $43,602.84. Following the sale, the executive owned 676,467 shares in the company, valued at approximately $11,445,821.64. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sunrun Price Performance

Shares of NASDAQ 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 capitalization of $3.86 billion, a PE ratio of -1.44 and a beta of 2.21. The stock has a 50-day moving average price of $12.86 and a two-hundred day moving average price of $9.41. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $21.77. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly 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 analyst estimates of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, sell-side analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RUN. TD Cowen raised their price target on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Glj Research raised shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target for the company in a research note on Monday, July 7th. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Zacks Research upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Sunrun presently has an average rating of "Moderate Buy" and a consensus target price of $14.81.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the stock. Sylebra Capital LLC lifted its holdings 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 acquiring an additional 1,590,169 shares during the period. Maple Rock Capital Partners Inc. increased its position in Sunrun by 95.6% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company's stock valued at $66,525,000 after acquiring an additional 3,974,464 shares during the period. PGGM Investments grew its position 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 during the last quarter. Erste Asset Management GmbH grew its position in shares of Sunrun by 5.5% in the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company's stock valued at $30,044,000 after buying an additional 264,024 shares during the last quarter. Finally, Amundi boosted its position in shares of Sunrun by 12.1% during the 1st quarter. Amundi now owns 3,479,021 shares of the energy company's stock valued at $20,686,000 after purchasing an additional 374,594 shares in the last quarter. 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.