Jeanna Steele Sells 10,176 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 10,176 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.07, for a total transaction of $122,824.32. Following the completion of the sale, the insider now directly owns 228,743 shares of the company’s stock, valued at $2,760,928.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 18th, Jeanna Steele sold 805 shares of Sunrun stock. The shares were sold at an average price of $10.02, for a total transaction of $8,066.10.
• On Wednesday, March 6th, Jeanna Steele sold 8,187 shares of Sunrun stock. The shares were sold at an average price of $12.11, for a total transaction of $99,144.57.
• On Thursday, February 29th, Jeanna Steele sold 1,110 shares of Sunrun stock. The shares were sold at an average price of $12.12, for a total transaction of $13,453.20.

Sunrun Stock Down 3.6 %

Sunrun stock opened at $11.85 on Friday. The firm’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.23. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) 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 for the quarter, compared to analysts’ expectations of $499.74 million. Analysts anticipate that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RUN shares. KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Mizuho increased their price target on shares of Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Piper Sandler cut their price target on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.05.

Hedge Funds Weigh In On Sunrun

Several large investors have recently bought and sold shares of RUN. Moneta Group Investment Advisors LLC raised its stake in shares of Sunrun by 99,711.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock valued at $251,136,000 after buying an additional 10,444,812 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in Sunrun by 35.9% in the 3rd 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 acquiring an additional 3,748,696 shares in the last quarter. Norges Bank bought a new position in shares of Sunrun in the 4th quarter valued at about $36,589,000. Deutsche Bank AG boosted its stake in shares of Sunrun by 112.9% in the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after purchasing an additional 1,180,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sunrun by 42.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,860,637 shares of the energy company’s stock valued at $77,780,000 after purchasing an additional 1,147,262 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.