Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 2,577 Shares

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 Dickson sold 2,577 shares of the firm'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 transaction, the executive owned 676,467 shares in the company, valued at $11,445,821.64. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sunrun Stock Up 1.1%

NASDAQ RUN traded up $0.17 during midday trading on Wednesday, hitting $16.20. 6,939,246 shares of the company traded hands, compared to its average volume of 16,461,262. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market cap of $3.74 billion, a PE ratio of -1.40 and a beta of 2.21. The company's 50-day simple moving average is $12.64 and its 200-day simple moving average is $9.29. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.77.

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

Analysts Set New Price Targets

Several analysts have issued reports on RUN shares. Zacks Research raised Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday. The Goldman Sachs Group increased their target price on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, May 19th. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Cowen reaffirmed a "buy" rating on shares of Sunrun in a research report on Thursday, August 7th. Finally, BNP Paribas Exane raised Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Monday, July 7th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.63.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sylebra Capital LLC lifted its position in 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. lifted its holdings in shares of 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 buying an additional 3,974,464 shares during the period. PGGM Investments lifted its holdings 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 period. Erste Asset Management GmbH lifted its holdings 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 period. Finally, Amundi lifted its holdings in shares of Sunrun by 12.1% in the 1st quarter. Amundi now owns 3,479,021 shares of the energy company's stock valued at $20,686,000 after buying an additional 374,594 shares during the period. 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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