Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 4,662 Shares of Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) CFO Danny Abajian sold 4,662 shares of Sunrun stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $58,834.44. Following the completion of the transaction, the chief financial officer now owns 283,098 shares in the company, valued at $3,572,696.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, June 6th, Danny Abajian sold 2,092 shares of Sunrun stock. The shares were sold at an average price of $14.43, for a total transaction of $30,187.56.

Sunrun Stock Performance

Sunrun stock opened at $13.21 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85. The stock has a fifty day moving average of $12.74 and a two-hundred day moving average of $13.27.

Sunrun (NASDAQ:RUNGet Free Report) last released its earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.12) EPS. As a group, analysts forecast that Sunrun Inc. will post -1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RUN shares. Jefferies Financial Group reduced their price objective on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Royal Bank of Canada reduced their price target on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Morgan Stanley upped their price objective on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Mizuho reduced their target price on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Susquehanna lowered their price target on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating on the stock in a research note on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.47.

Check Out Our Latest Stock Analysis on Sunrun

Institutional Trading of Sunrun

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Norges Bank acquired a new position in Sunrun during the fourth quarter worth approximately $23,186,000. Deutsche Bank AG raised its stake in Sunrun by 112.9% during the third 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. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 15.3% in the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock valued at $162,929,000 after purchasing an additional 1,100,000 shares during the last quarter. Finally, Masters Capital Management LLC purchased a new stake in shares of Sunrun during the 4th quarter valued at $19,630,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

(Get Free Report)

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.

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