Sunrun (NASDAQ:RUN) Insider Sells $13,623.36 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,104 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.34, for a total transaction of $13,623.36. Following the sale, the insider directly owned 462,191 shares in the company, valued at $5,703,436.94. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• On Monday, December 8th, Jeanna Steele sold 1,870 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total value of $33,286.00.

Sunrun Stock Performance

Shares of RUN opened at $11.79 on Friday. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44. The stock’s 50-day simple moving average is $18.49 and its 200 day simple moving average is $18.31. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 6.89 and a beta of 2.43.

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

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun in the fourth quarter worth about $27,000. Sycomore Asset Management bought a new stake in shares of Sunrun in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. boosted its holdings in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after acquiring an additional 564 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Sunrun in the 4th quarter worth approximately $30,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

RUN has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Sunrun from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday. Glj Research cut shares of Sunrun from a “hold” rating to a “sell” rating and set a $6.73 price objective on the stock. in a research report on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Sunrun in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a report on Wednesday, January 7th. Finally, Weiss Ratings raised shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.84.

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.