Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 901 Shares

Key Points

• Jeanna Steele sold 901 Sunrun shares on March 6 at an average price of $11.97 (≈$10,785), after earlier sales this year, leaving her with 461,290 shares — a ~0.19% reduction in ownership, disclosed in an SEC filing.
• Sunrun beat estimates last quarter with $0.38 EPS vs. a ($0.08) consensus and revenue of $1.16B (up 123.5% YoY), yet analysts forecast -0.43 EPS for the year and the consensus price target is about $19.84 with a "Moderate Buy" rating.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 901 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.97, for a total value of $10,784.97. Following the sale, the insider directly owned 461,290 shares in the company, valued at approximately $5,521,641.30. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeanna Steele also recently made the following trade(s):

• On Monday, March 2nd, Jeanna Steele sold 1,104 shares of Sunrun stock. The shares were sold at an average price of $12.34, for a total transaction of $13,623.36.
• On Tuesday, January 6th, Jeanna Steele sold 4,430 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total value of $78,854.00.

Sunrun Stock Performance

NASDAQ RUN traded down $0.01 during trading hours on Monday, hitting $11.33. The company had a trading volume of 11,723,862 shares, compared to its average volume of 10,123,678. The business has a fifty day simple moving average of $18.30 and a 200-day simple moving average of $18.32. The firm has a market cap of $2.66 billion, a P/E ratio of 6.63 and a beta of 2.43. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.46. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. During the same period in the previous year, the business posted $1.41 EPS. Sunrun's revenue was up 123.5% on a year-over-year basis. Equities analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RUN. Royal Bank Of Canada reiterated an "outperform" rating on shares of Sunrun in a research report on Wednesday, December 17th. Jefferies Financial Group cut shares of Sunrun from a "buy" rating to a "hold" rating and set a $22.00 price objective for the company. in a report on Friday, February 27th. Raymond James Financial started coverage on Sunrun in a research note on Monday, January 12th. They issued a "market perform" rating on the stock. Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group upped their price target on Sunrun from $21.00 to $24.00 and gave the company a "buy" rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun during the fourth quarter worth approximately $27,000. Sycomore Asset Management acquired a new stake in shares of Sunrun in the third quarter worth $28,000. Hantz Financial Services Inc. raised its holdings in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after acquiring an additional 564 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Sunrun in the 4th quarter worth $30,000. Institutional investors and hedge funds own 91.69% of the company's stock.

About Sunrun

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.