Danny Abajian Sells 17,440 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 17,440 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.07, for a total value of $210,500.80. Following the completion of the sale, the chief financial officer now owns 163,734 shares of the company’s stock, valued at $1,976,269.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Danny Abajian also recently made the following trade(s):

• On Monday, March 18th, Danny Abajian sold 402 shares of Sunrun stock. The stock was sold at an average price of $10.03, for a total value of $4,032.06.
• On Wednesday, March 6th, Danny Abajian sold 12,030 shares of Sunrun stock. The stock was sold at an average price of $12.12, for a total value of $145,803.60.
• On Thursday, February 29th, Danny Abajian sold 5,534 shares of Sunrun stock. The stock was sold at an average price of $12.12, for a total value of $67,072.08.

Sunrun Trading Down 3.6 %

NASDAQ RUN opened at $11.85 on Friday. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.60 billion, a PE ratio of -1.60 and a beta of 2.46. The firm’s fifty day simple moving average is $12.86 and its 200-day simple moving average is $13.23.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million during the quarter, compared to analyst estimates of $499.74 million. As a group, sell-side analysts anticipate that Sunrun Inc. will post -1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its position in Sunrun by 24.2% during the first quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock worth $417,000 after buying an additional 2,679 shares during the last quarter. US Bancorp DE grew its position in Sunrun by 123.5% during the first quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock worth $198,000 after buying an additional 3,611 shares in the last quarter. Private Advisor Group LLC grew its position in Sunrun by 37.1% during the first quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock worth $601,000 after buying an additional 5,349 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Sunrun by 58.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock worth $329,000 after buying an additional 4,010 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Sunrun by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock worth $2,304,000 after buying an additional 7,233 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RUN shares. KeyCorp restated a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. Piper Sandler cut their price objective on Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Susquehanna reiterated a “positive” rating and set a $25.00 price objective on shares of Sunrun in a research report on Friday, April 5th. Jefferies Financial Group started coverage on Sunrun in a research report on Friday, December 15th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $19.00 price objective on shares of Sunrun in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.05.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.