Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 22,549 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 22,549 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $272,166.43. Following the completion of the transaction, the chief executive officer now owns 379,768 shares of the company’s stock, valued at $4,583,799.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 6th, Mary Powell sold 9,311 shares of Sunrun stock. The stock was sold at an average price of $12.11, for a total transaction of $112,756.21.
• On Thursday, February 29th, Mary Powell sold 5,424 shares of Sunrun stock. The shares were sold at an average price of $12.12, for a total transaction of $65,738.88.

Sunrun Stock Down 3.6 %

RUN stock opened at $11.85 on Friday. 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 firm has a 50-day moving average of $12.86 and a two-hundred day moving average of $13.23. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $23.85. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -1.60 and a beta of 2.46.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RUN shares. Royal Bank of Canada cut their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Jefferies Financial Group started coverage on shares of Sunrun in a report on Friday, December 15th. They set a “buy” rating and a $25.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. BMO Capital Markets upped their price objective on shares of Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Finally, Mizuho upped their price objective on shares of Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and an average price target of $22.05.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RUN. Moneta Group Investment Advisors LLC lifted its holdings in Sunrun by 99,711.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock valued at $251,136,000 after acquiring an additional 10,444,812 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Sunrun by 35.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock valued at $178,127,000 after purchasing an additional 3,748,696 shares during the period. Norges Bank acquired a new position in shares of Sunrun in the 4th quarter valued at $36,589,000. Deutsche Bank AG grew its holdings in shares of Sunrun by 112.9% during the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock worth $27,969,000 after purchasing an additional 1,180,823 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Sunrun by 42.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,860,637 shares of the energy company’s stock worth $77,780,000 after purchasing an additional 1,147,262 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.