Sunrun (NASDAQ:RUN) Insider Sells $97,152.25 in Stock

Key Points

• Insider Jeanna Steele sold 4,475 shares of Sunrun for a total of $97,152.25, decreasing her position by 1.22%, and retains 361,789 shares valued at approximately $7.85 million.
• Sunrun's stock experienced a price drop of $0.63 during midday trading, reaching $19.51, with a market capitalization of $4.50 billion.
• Analysts have mixed ratings on Sunrun stock, with target price increases from firms like Mizuho and Oppenheimer, but Weiss Ratings maintaining a "sell" rating.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 4,475 shares of Sunrun stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $21.71, for a total transaction of $97,152.25. Following the completion of the sale, the insider directly owned 361,789 shares in the company, valued at approximately $7,854,439.19. The trade was a 1.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 9th, Jeanna Steele sold 21,037 shares of Sunrun stock. The shares were sold at an average price of $20.25, for a total value of $425,999.25.
• On Wednesday, October 8th, Jeanna Steele sold 1,526 shares of Sunrun stock. The stock was sold at an average price of $19.75, for a total value of $30,138.50.
• On Monday, October 6th, Jeanna Steele sold 4,440 shares of Sunrun stock. The shares were sold at an average price of $19.34, for a total value of $85,869.60.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The stock was sold at an average price of $19.35, for a total transaction of $395,243.10.
• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total transaction of $24,260.69.
• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The stock was sold at an average price of $16.75, for a total transaction of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The stock was sold at an average price of $16.25, for a total transaction of $283,026.25.

Sunrun Price Performance

Shares of RUN stock traded down $0.63 during midday trading on Friday, reaching $19.51. 6,335,964 shares of the company traded hands, compared to its average volume of 15,886,566. The firm's 50 day simple moving average is $16.63 and its two-hundred day simple moving average is $11.31. The firm has a market cap of $4.50 billion, a PE ratio of -1.68 and a beta of 2.41. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RUN shares. Mizuho raised their target price on shares of Sunrun from $13.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Oppenheimer raised their price objective on shares of Sunrun from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Thursday, October 9th. UBS Group upped their target price on Sunrun from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sunrun in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price target on Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.08.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently modified their holdings of RUN. PGGM Investments grew its holdings in Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock valued at $57,319,000 after purchasing an additional 5,325,332 shares during the period. Maple Rock Capital Partners Inc. boosted 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 purchasing an additional 3,974,464 shares during the last quarter. Sylebra Capital LLC grew its stake 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 valued at $48,482,000 after buying an additional 1,590,169 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sunrun during the second quarter valued at about $9,668,000. Finally, HRT Financial LP acquired a new stake in Sunrun during the 2nd quarter worth approximately $9,416,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.

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