Paul Dickson Sells 25,614 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 25,614 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total transaction of $512,280.00. Following the transaction, the executive owned 655,734 shares in the company, valued at $13,114,680. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sunrun Stock Down 0.2%

RUN stock opened at $19.11 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -1.65 and a beta of 2.41. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $20.02. The firm has a 50-day moving average of $14.86 and a two-hundred day moving average of $10.48.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of recent research reports. Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. raised their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Jefferies Financial Group raised shares of Sunrun from a “hold” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $21.00 in a research note on Wednesday. Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average target price of $15.60.

Hedge Funds Weigh In On Sunrun

Several large investors have recently made changes to their positions in RUN. Sowell Financial Services LLC purchased a new position in shares of Sunrun during the 1st quarter worth approximately $273,000. GAMMA Investing LLC lifted its stake in Sunrun by 572.1% during the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock worth $421,000 after purchasing an additional 61,198 shares in the last quarter. PGGM Investments boosted its position in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after buying an additional 5,325,332 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Sunrun by 27.1% in the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company’s stock valued at $4,169,000 after buying an additional 151,474 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Sunrun by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company’s stock valued at $6,545,000 after buying an additional 29,227 shares during the period. 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.