Sunrun Inc. (NASDAQ:RUN) CEO Sells $473,057.44 in Stock

Posted by Defense World Staff on Mar 11th, 2023

Sunrun Inc. (NASDAQ:RUN – Get Rating) CEO Mary Powell sold 18,544 shares of Sunrun stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $25.51, for a total value of $473,057.44. Following the completion of the transaction, the chief executive officer now directly owns 217,389 shares in the company, valued at $5,545,593.39. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

On Tuesday, February 28th, Mary Powell sold 1,400 shares of Sunrun stock. The shares were sold at an average price of $23.73, for a total value of $33,222.00.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $20.73 on Friday. Sunrun Inc. has a twelve month low of $16.80 and a twelve month high of $39.13. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 26.92 and a beta of 2.30. The business has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $27.49.

Sunrun (NASDAQ:RUN – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The energy company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. The business had revenue of $609.20 million during the quarter, compared to the consensus estimate of $588.89 million. During the same period in the previous year, the business earned ($0.11) EPS. The business’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, equities research analysts expect that Sunrun Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its position in Sunrun by 0.5% during the 4th quarter. Voya Investment Management LLC now owns 554,331 shares of the energy company’s stock valued at $13,315,000 after purchasing an additional 2,758 shares during the period. Natixis boosted its position in Sunrun by 60.0% during the 4th quarter. Natixis now owns 424,704 shares of the energy company’s stock valued at $10,201,000 after purchasing an additional 159,297 shares during the period. Macquarie Group Ltd. boosted its position in Sunrun by 0.9% during the 4th quarter. Macquarie Group Ltd. now owns 550,706 shares of the energy company’s stock worth $13,228,000 after acquiring an additional 4,782 shares during the period. Public Employees Retirement System of Ohio boosted its position in Sunrun by 3.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 106,764 shares of the energy company’s stock worth $2,564,000 after acquiring an additional 3,706 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its position in Sunrun by 99,711.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock worth $251,136,000 after acquiring an additional 10,444,812 shares during the period. Institutional investors and hedge funds own 86.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RUN. Barclays lowered Sunrun from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $44.00 to $35.00 in a research note on Wednesday, January 25th. Oppenheimer dropped their target price on Sunrun from $70.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. Janney Montgomery Scott initiated coverage on Sunrun in a report on Thursday, December 1st. They set a “neutral” rating and a $30.00 target price on the stock. StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, February 17th. Finally, Citigroup initiated coverage on Sunrun in a report on Thursday. They set a “neutral” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.89.

Sunrun Company Profile

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.