Sunrun (NASDAQ:RUN) CEO Sells $26,614.26 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,229 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.94, for a total value of $26,614.26. Following the completion of the transaction, the chief executive officer owned 1,127,951 shares in the company, valued at approximately $13,467,734.94. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 2nd, Mary Powell sold 5,357 shares of Sunrun stock. The shares were sold at an average price of $12.33, for a total value of $66,051.81.
• On Tuesday, January 6th, Mary Powell sold 8,754 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total value of $155,821.20.

Sunrun Trading Up 4.0%

Shares of NASDAQ:RUN opened at $12.63 on Thursday. The stock’s 50-day simple moving average is $17.88 and its two-hundred day simple moving average is $18.23. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.39 and a beta of 2.43. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.46. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 123.5% compared to the same quarter last year. Analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

RUN has been the topic of several recent research reports. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Raymond James Financial began coverage on Sunrun in a report on Monday, January 12th. They issued a “market perform” rating on the stock. Mizuho cut their price target on Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on Sunrun in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Friday, February 27th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average price target of $19.69.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RUN. Hsbc Holdings PLC increased its stake in Sunrun by 19.1% in the 4th quarter. Hsbc Holdings PLC now owns 86,497 shares of the energy company’s stock worth $1,593,000 after buying an additional 13,860 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Sunrun in the fourth quarter worth about $27,000. Virtu Financial LLC purchased a new stake in shares of Sunrun during the fourth quarter worth about $1,046,000. Invesco Ltd. grew its position in shares of Sunrun by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Sunrun during the 4th quarter valued at approximately $2,233,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.