Sunrun (NASDAQ:RUN) Insider Sells $10,784.97 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 901 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.97, for a total value of $10,784.97. Following the sale, the insider directly owned 461,290 shares in the company, valued at $5,521,641.30. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, March 2nd, Jeanna Steele sold 1,104 shares of Sunrun stock. The shares were sold at an average price of $12.34, for a total value of $13,623.36.
• On Tuesday, January 6th, Jeanna Steele sold 4,430 shares of Sunrun stock. The stock was sold at an average price of $17.80, for a total value of $78,854.00.

Sunrun Price Performance

RUN stock opened at $12.63 on Thursday. The business’s 50-day moving average is $17.88 and its two-hundred day moving average is $18.23. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.66 and a quick ratio of 1.27. The firm has a market capitalization of $2.96 billion, a P/E ratio of 7.39 and a beta of 2.43. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.44.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RUN. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $19.00 target price on shares of Sunrun in a research note on Wednesday, January 7th. Weiss Ratings raised Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. UBS Group decreased their price target on Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Loop Capital set a $12.00 price objective on Sunrun in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently modified their holdings of RUN. Farther Finance Advisors LLC increased its holdings in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Sunrun during the 4th quarter worth $27,000. Sycomore Asset Management acquired a new stake in Sunrun during the 3rd quarter worth $28,000. Hantz Financial Services Inc. grew its position in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Sunrun in the fourth quarter valued at $30,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.