Sunrun (NASDAQ:RUN) Shares Down 6.9% - Time to Sell?

Key Points

• Sunrun's stock price fell by 6.9% to $16.93, with trading volume down 79% compared to the average, indicating significant market volatility.
• Analysts have mixed ratings on Sunrun, with a consensus of "Moderate Buy" and a price target of $14.63, reflecting a range of opinions on its potential.
• Insider trading activity includes significant sales by CEO Mary Powell and CFO Danny Abajian, with overall 3.37% of the stock owned by corporate insiders, which may raise concerns among investors.

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s share price traded down 6.9% during trading on Monday . The company traded as low as $16.85 and last traded at $16.93. 3,483,442 shares were traded during trading, a decline of 79% from the average session volume of 16,844,955 shares. The stock had previously closed at $18.18.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KeyCorp raised shares of Sunrun from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of Sunrun from $8.00 to $14.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Glj Research upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a research report on Friday, August 15th. JPMorgan Chase & Co. increased their price objective on shares of Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets raised their target price on shares of Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.63.

Sunrun Trading Down 6.1%

The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The firm has a market cap of $3.94 billion, a P/E ratio of -1.48 and a beta of 2.21. The stock has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $9.13.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company's quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 11,509 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $124,297.20. Following the transaction, the chief executive officer owned 893,240 shares of the company's stock, valued at $9,646,992. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 8,909 shares of Sunrun stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $96,217.20. Following the completion of the transaction, the chief financial officer directly owned 446,797 shares of the company's stock, valued at $4,825,407.60. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,314 shares of company stock valued at $910,283. 3.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PGGM Investments raised its stake in shares of Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock worth $57,319,000 after buying an additional 5,325,332 shares during the period. Maple Rock Capital Partners Inc. raised its holdings 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 worth $66,525,000 after purchasing an additional 3,974,464 shares during the period. Sylebra Capital LLC increased its holdings in shares of Sunrun by 124.0% in the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Sunrun during the second quarter worth $9,668,000. Finally, HRT Financial LP purchased a new stake in Sunrun during the 2nd quarter worth about $9,416,000. 91.69% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.