Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell Sells 3,017 Shares

Sunrun Inc. (NASDAQ:RUNGet Free Report) CEO Mary Powell sold 3,017 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $14.45, for a total transaction of $43,595.65. Following the completion of the sale, the chief executive officer now directly owns 586,910 shares of the company’s stock, valued at $8,480,849.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mary Powell also recently made the following trade(s):

  • On Friday, May 31st, Mary Powell sold 1,741 shares of Sunrun stock. The shares were sold at an average price of $14.86, for a total transaction of $25,871.26.
  • On Monday, April 8th, Mary Powell sold 22,549 shares of Sunrun stock. The shares were sold at an average price of $12.07, for a total transaction of $272,166.43.

Sunrun Stock Performance

RUN stock opened at $13.45 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85. The firm’s fifty day moving average is $11.98 and its 200 day moving average is $13.54.

Sunrun (NASDAQ:RUNGet Free Report) last released its earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. During the same quarter last year, the firm earned ($1.12) EPS. The firm’s quarterly revenue was down 22.3% compared to the same quarter last year. On average, sell-side analysts forecast that Sunrun Inc. will post -1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RUN shares. Truist Financial reissued a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Piper Sandler cut their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Susquehanna cut their price objective on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group cut their price objective on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, BMO Capital Markets raised their price objective on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Check Out Our Latest Report on RUN

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in RUN. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Sunrun by 35.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock worth $178,127,000 after acquiring an additional 3,748,696 shares during the last quarter. Vanguard Group Inc. grew its holdings in Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Norges Bank bought a new stake in Sunrun in the 4th quarter worth $23,186,000. Deutsche Bank AG grew its holdings in Sunrun by 112.9% in the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock worth $27,969,000 after acquiring an additional 1,180,823 shares during the last quarter. Finally, Greenvale Capital LLP boosted its stake in shares of Sunrun by 15.3% during the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock valued at $162,929,000 after purchasing an additional 1,100,000 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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