Mary Powell Sells 8,754 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 8,754 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total transaction of $155,821.20. Following the completion of the transaction, the chief executive officer owned 864,946 shares in the company, valued at $15,396,038.80. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, December 8th, Mary Powell sold 2,890 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total transaction of $51,442.00.

Sunrun Stock Up 5.4%

RUN opened at $18.30 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67. The company has a market cap of $4.25 billion, a PE ratio of -1.64 and a beta of 2.35. The business has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $16.00. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.Sunrun’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.37) earnings per share. As a group, research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Sunrun by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock worth $418,300,000 after purchasing an additional 288,945 shares during the period. PGGM Investments increased its holdings in Sunrun by 17.8% in the third quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock worth $142,763,000 after buying an additional 1,249,683 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Sunrun by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the last quarter. Amundi raised its holdings in Sunrun by 12.1% during the first quarter. Amundi now owns 3,479,021 shares of the energy company’s stock valued at $20,686,000 after buying an additional 374,594 shares in the last quarter. Finally, Erste Asset Management GmbH raised its stake in shares of Sunrun by 62.7% in the 3rd quarter. Erste Asset Management GmbH now owns 3,082,234 shares of the energy company’s stock valued at $54,778,000 after acquiring an additional 1,188,092 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Citigroup raised shares of Sunrun from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $26.00 in a research note on Tuesday, October 21st. The Goldman Sachs Group upped their target price on Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, BMO Capital Markets set a $19.00 price objective on Sunrun and gave the stock a “market perform” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.70.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun and Hannon Armstrong (HASI) formed a $500 million joint venture to finance residential solar + storage deployments — targeting ~300 MW/~40,000 home power plants — which provides dedicated project capital and should accelerate deployments and unit growth. Read More.
• Positive Sentiment: Sunrun amended its credit arrangements to extend maturities to 2028, easing near?term refinancing risk and improving liquidity while the company scales battery and distributed?energy projects. Read More.
• Neutral Sentiment: Analyst and feature coverage is increasingly constructive on improving cash flow and storage economics, which supports the bullish case but also invites volatility as investors re?price growth vs. valuation. Read More.
• Negative Sentiment: Several insiders sold shares this week (including Director Lynn Jurich — 50,000 shares — plus CEO, CFO, CRO, CAO smaller sales). Clustered insider selling can pressure sentiment and increase available float in the near term. Read More.
• Negative Sentiment: Some outlets flagged an intraday sell?off / heightened volatility after the announcements, which likely capped upside despite the JV and credit relief. Read More.

Sunrun Company Profile

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.