Danny Abajian Sells 7,190 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 7,190 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $127,982.00. Following the transaction, the chief financial officer directly owned 405,518 shares of the company’s stock, valued at $7,218,220.40. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Danny Abajian also recently made the following trade(s):

• On Monday, December 8th, Danny Abajian sold 2,007 shares of Sunrun stock. The shares were sold at an average price of $17.79, for a total transaction of $35,704.53.

Sunrun Price Performance

NASDAQ:RUN traded down $0.94 during mid-day trading on Wednesday, hitting $17.36. The company’s stock had a trading volume of 5,889,330 shares, compared to its average volume of 7,612,454. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -1.55 and a beta of 2.35. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock has a fifty day moving average of $18.85 and a 200-day moving average of $15.97.

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

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sycomore Asset Management acquired a new stake in Sunrun in the 3rd quarter valued at $28,000. Optiver Holding B.V. bought a new position in shares of Sunrun in the 3rd quarter valued at about $31,000. Advisory Services Network LLC acquired a new stake in shares of Sunrun in the third quarter valued at about $38,000. Resources Management Corp CT ADV raised its holdings in Sunrun by 1,085.3% during the third quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock worth $39,000 after acquiring an additional 2,062 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in Sunrun during the third quarter valued at approximately $49,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun News Summary

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Closed a $500M joint venture with Hannon Armstrong to finance distributed-power development — provides dedicated capital to scale distributed generation and storage deployments, lowering project-level funding risk. HASI and Sunrun Expand Long-Term Relationship with New $500 Million Joint Venture Sunrun and HASI close $500 million distributed energy joint venture
• Positive Sentiment: Amended credit agreement to extend maturities to 2028 — reduces near-term refinancing pressure and improves liquidity as Sunrun scales battery and distributed-energy projects. Sunrun amends credit agreement, extends maturity to 2028
• Positive Sentiment: Analyst/feature bullishness highlights improving fundamentals (positive cash flow trends, accelerating storage adoption and stronger unit economics) that support a higher long-term valuation. The Market Is Missing Sunrun’s Cash And Battery Boom
• Neutral Sentiment: Coverage and valuation checks note recent share-price swings and an “undervaluation” narrative — this can attract bargain hunters but also increases volatility. Sunrun (RUN) Valuation Check After Recent Share Price Swings
• Negative Sentiment: Insider selling: director Lynn Jurich sold 50,000 shares at ~$19.28 on Jan. 2 (about a 6.66% reduction of her position), and she has sold multiple tranches recently — these disclosures often trigger short-term pressure and signal liquidity-taking by insiders. Insider Selling: Sunrun Director Sells 50,000 Shares
• Negative Sentiment: Short-term market reaction: coverage flagged an intraday sell-off and volatility after the announcements, explaining downward pressure in the latest session. Sunrun (RUN) Stock Sinks As Market Gains: Here’s Why

Wall Street Analyst Weigh In

A number of analysts have commented on RUN shares. TD Cowen lifted their target price on shares of Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. raised their price target on Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. The Goldman Sachs Group lifted their price objective on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Oppenheimer increased their target price on Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft set a $19.00 target price on Sunrun in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.70.

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.