Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 1,870 Shares

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,870 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $17.80, for a total value of $33,286.00. Following the sale, the insider owned 359,919 shares in the company, valued at approximately $6,406,558.20. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, October 15th, Jeanna Steele sold 4,475 shares of Sunrun stock. The shares were sold at an average price of $21.71, for a total value of $97,152.25.
• On Thursday, October 9th, Jeanna Steele sold 21,037 shares of Sunrun stock. The stock was 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 transaction 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 transaction of $85,869.60.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total transaction of $395,243.10.

Sunrun Price Performance

RUN traded up $0.45 during midday trading on Wednesday, reaching $18.32. 5,746,611 shares of the company’s stock were exchanged, compared to its average volume of 14,656,745. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The stock has a market capitalization of $4.25 billion, a PE ratio of -1.64 and a beta of 2.35. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The business’s 50-day moving average price is $19.31 and its 200 day moving average price is $14.41.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The business had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. During the same period last year, the company posted ($0.37) EPS. The company’s revenue was up 34.9% on a year-over-year basis. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock worth $418,300,000 after acquiring an additional 288,945 shares during the period. Sylebra Capital LLC grew its holdings in Sunrun by 23.8% in the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after purchasing an additional 1,590,169 shares during the period. PGGM Investments increased its position in Sunrun by 17.8% during the third quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock worth $142,763,000 after purchasing an additional 1,249,683 shares during the last quarter. Maple Rock Capital Partners Inc. raised its stake in Sunrun by 95.6% during the second 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. Finally, Erste Asset Management GmbH boosted its holdings in shares of Sunrun by 5.5% in the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock valued at $30,044,000 after purchasing an additional 264,024 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RUN. Wells Fargo & Company boosted their price target on Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. UBS Group upped their target price on shares of Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.58.

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.