Sunrun (NASDAQ:RUN) Stock Price Down 7.9% Following Insider Selling

Sunrun Inc. (NASDAQ:RUN) shares traded down 7.9% during trading on Monday after an insider sold shares in the company. The stock traded as low as $15.41 and last traded at $15.4030. 7,053,990 shares changed hands during trading, a decline of 24% from the average session volume of 9,245,966 shares. The stock had previously closed at $16.72.

Specifically, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $15.92, for a total transaction of $796,000.00. Following the sale, the director owned 459,091 shares of the company’s stock, valued at approximately $7,308,728.72. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $17.00 target price on shares of Sunrun in a research note on Friday, May 8th. Freedom Capital cut Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings cut Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Sunrun in a report on Thursday, May 7th. Finally, Barclays cut their price target on Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.48.

Sunrun Trading Down 2.1%

The stock has a market cap of $3.64 billion, a PE ratio of 7.16 and a beta of 2.32. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. The stock has a fifty day moving average price of $13.45 and a 200 day moving average price of $16.30.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities analysts expect that Sunrun Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of RUN. Farther Finance Advisors LLC boosted 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 worth $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun in the 4th quarter worth approximately $27,000. Sycomore Asset Management purchased a new position in shares of Sunrun in the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% in 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 period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sunrun in the 4th quarter worth approximately $30,000. Hedge funds and other 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.