Paul Dickson Sells 8,134 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) CRO Paul Dickson sold 8,134 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $19.34, for a total transaction of $157,311.56. Following the completion of the sale, the executive directly owned 647,600 shares in the company, valued at $12,524,584. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunrun Stock Performance

Sunrun stock opened at $20.32 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $21.08. The firm has a market capitalization of $4.69 billion, a P/E ratio of -1.75 and a beta of 2.41. The company’s 50-day moving average is $15.59 and its 200 day moving average is $10.81.

Sunrun (NASDAQ:RUNGet Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. During the same period in the prior year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of RUN. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sunrun during the fourth quarter valued at approximately $94,000. GAMMA Investing LLC boosted its stake in shares of Sunrun by 572.1% during the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock valued at $421,000 after purchasing an additional 61,198 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Sunrun by 15.2% during the first quarter. OLD National Bancorp IN now owns 169,271 shares of the energy company’s stock valued at $992,000 after purchasing an additional 22,336 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Sunrun by 40.9% during the first quarter. Handelsbanken Fonder AB now owns 1,338,168 shares of the energy company’s stock valued at $7,842,000 after purchasing an additional 388,523 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Sunrun during the first quarter valued at approximately $273,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RUN. Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Susquehanna upped their target price on shares of Sunrun from $12.00 to $13.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Wells Fargo & Company upped their target price on shares of Sunrun from $8.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Mizuho upped their target price on shares of Sunrun from $13.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.77.

Check Out Our Latest Research Report on RUN

About Sunrun

(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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Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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