Sunrun (NASDAQ:RUN) CRO Sells $13,014.60 in Stock

Key Points

• Sunrun CRO Paul Dickson sold 1,090 shares at an average price of $11.94 for $13,014.60, trimming his stake by 0.13% to 835,314 shares (≈$9.97M), per an SEC filing.
• The company reported a strong quarter with $0.38 EPS (beating estimates by $0.46) and $1.16B in revenue (up 123.5% YoY), alongside a 15.22% net margin and 11.72% ROE.
• Shares trade near $11.33 with a $2.66B market cap and a PE of 6.63; analysts are mixed but the consensus is a Moderate Buy with an average target of $19.84, and institutional ownership stands at about 91.7%.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul Dickson sold 1,090 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.94, for a total transaction of $13,014.60. Following the sale, the executive owned 835,314 shares of the company's stock, valued at approximately $9,973,649.16. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sunrun Stock Performance

Sunrun stock traded down $0.01 during mid-day trading on Monday, reaching $11.33. 11,723,862 shares of the stock traded hands, compared to its average volume of 10,123,678. The business's 50-day moving average is $18.30 and its 200-day moving average is $18.32. The stock has a market capitalization of $2.66 billion, a PE ratio of 6.63 and a beta of 2.43. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.66 and a quick ratio of 1.27.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.46. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The business's revenue for the quarter was up 123.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. As a group, 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 commented on RUN shares. Wells Fargo & Company upped their price target on Sunrun from $14.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 11th. Glj Research downgraded shares of Sunrun from a "hold" rating to a "sell" rating and set a $6.73 target price for the company. in a report on Friday, February 27th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Sunrun in a research report on Wednesday, December 17th. Oppenheimer boosted their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Finally, Freedom Capital lowered shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. One research analyst has 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.84.

Institutional Investors Weigh In On Sunrun

Several large investors have recently added to or reduced their stakes in RUN. Salomon & Ludwin LLC increased its position in shares of Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company's stock valued at $31,000 after purchasing an additional 558 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after purchasing an additional 564 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company's stock worth $322,000 after buying an additional 565 shares during the period. Sage Rhino Capital LLC boosted its holdings in Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company's stock valued at $211,000 after acquiring an additional 572 shares during the period. Finally, GAMMA Investing LLC increased its stake in Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after purchasing an additional 607 shares during the period. 91.69% of the stock is owned by institutional investors.

Sunrun Company Profile

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.