Sunrun (NASDAQ:RUN) CAO Sells $23,007.99 in Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,747 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.17, for a total transaction of $23,007.99. Following the completion of the transaction, the chief accounting officer directly owned 93,311 shares in the company, valued at $1,228,905.87. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Maria Barak also recently made the following trade(s):

• On Thursday, July 9th, Maria Barak sold 3,278 shares of Sunrun stock. The stock was sold at an average price of $12.17, for a total transaction of $39,893.26.
• On Thursday, April 9th, Maria Barak sold 8,039 shares of Sunrun stock. The shares were sold at an average price of $13.67, for a total transaction of $109,893.13.

Sunrun Price Performance

Sunrun stock opened at $12.46 on Friday. The company’s 50 day simple moving average is $13.65 and its 200-day simple moving average is $15.28. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 5.85 and a beta of 2.32. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.44. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. As a group, equities research analysts expect that Sunrun Inc. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Contour Asset Management LLC acquired a new position in Sunrun during the 4th quarter worth $98,010,000. Norges Bank acquired a new stake in Sunrun in the 4th quarter valued at about $62,169,000. Voloridge Investment Management LLC acquired a new stake in Sunrun in the 3rd quarter valued at about $40,193,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sunrun in the 3rd quarter valued at about $21,427,000. Finally, Invesco Ltd. boosted its stake in shares of Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after buying an additional 1,231,628 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup lowered their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 target price on shares of Sunrun in a research note on Thursday, May 7th. TD Cowen lowered their target price on Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. Finally, Barclays cut their price target on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.87.

More Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a new pilot to turn its residential solar and battery network into a distributed AI computing platform, which could open a new, higher-margin revenue stream and expand the company beyond core solar services. Article Title
• Positive Sentiment: Unusual call option buying surged, with investors purchasing far more bullish options than normal, suggesting traders are positioning for additional upside tied to the AI pilot announcement. Article Title
• Neutral Sentiment: Media coverage and commentary around the AI data center pilot helped keep Sunrun in the spotlight, but some reporting noted the news has not yet produced a major stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that can weigh on investor sentiment even if it is not necessarily a negative operational signal. Article Title
• Negative Sentiment: Recent reports also highlighted another insider sale by CEO Mary Powell, reinforcing concerns that management may be taking some profits after the stock’s recent move higher. Article Title

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.