Sunrun (NASDAQ:RUN) Reaches New 1-Year Low on Insider Selling

Sunrun Inc. (NASDAQ:RUN) hit a new 52-week low on Tuesday after an insider sold shares in the company. The company traded as low as $8.95 and last traded at $9.01, with a volume of 9309078 shares trading hands. The stock had previously closed at $9.44.

Specifically, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the transaction, the director now owns 991,753 shares of the company’s stock, valued at $9,510,911.27. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of research reports. Roth Mkm cut their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. Piper Sandler downgraded Sunrun from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Oppenheimer lowered their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company decreased their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned 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 target price of $19.11.

Sunrun Stock Performance

The stock has a fifty day moving average of $10.22 and a 200-day moving average of $14.56. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.10 billion, a PE ratio of -5.13 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities analysts forecast that Sunrun Inc. will post -0.41 EPS for the current year.

Institutional Trading of Sunrun

Several large investors have recently modified their holdings of RUN. Swedbank AB boosted its stake in shares of Sunrun by 12.8% during the 4th quarter. Swedbank AB now owns 218,911 shares of the energy company’s stock worth $2,025,000 after purchasing an additional 24,792 shares during the last quarter. Pacific Capital Wealth Advisors Inc. boosted its position in Sunrun by 102.9% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock worth $747,000 after acquiring an additional 40,942 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its stake in Sunrun by 11.0% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock worth $740,000 after acquiring an additional 7,929 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Sunrun in the 4th quarter valued at $56,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Sunrun during the fourth quarter worth $118,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.