Sunrun Inc. (NASDAQ:RUN) Insider Sells $42,968.11 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,357 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $42,968.11. Following the transaction, the insider now directly owns 308,260 shares in the company, valued at approximately $5,619,579.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, August 7th, Jeanna Steele sold 24,161 shares of Sunrun stock. The stock was sold at an average price of $19.24, for a total value of $464,857.64.
• On Monday, July 8th, Jeanna Steele sold 2,513 shares of Sunrun stock. The stock was sold at an average price of $12.61, for a total value of $31,688.93.

Sunrun Trading Up 11.3 %

Shares of NASDAQ:RUN opened at $19.15 on Thursday. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $22.26. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of -2.87 and a beta of 2.59. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The business has a 50-day moving average price of $17.77 and a 200-day moving average price of $14.05.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same period last year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. Equities analysts predict that Sunrun Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the second quarter valued at approximately $36,000. BNP Paribas purchased a new position in Sunrun during the first quarter valued at approximately $37,000. CWM LLC raised its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sunrun during the second quarter valued at approximately $45,000. Finally, Headlands Technologies LLC acquired a new stake in Sunrun in the first quarter valued at approximately $53,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RUN has been the topic of a number of recent research reports. Oppenheimer raised their price objective on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Susquehanna raised their price objective on Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research report on Monday, July 15th. BMO Capital Markets raised their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Morgan Stanley raised their price objective on Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st. Finally, StockNews.com raised Sunrun to a “sell” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.98.

Sunrun Company Profile

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.