Sunrun (NASDAQ:RUN) CEO Mary Powell Sells 11,699 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $19.34, for a total transaction of $226,258.66. Following the sale, the chief executive officer directly owned 876,590 shares in the company, valued at approximately $16,953,250.60. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 8th, Mary Powell sold 3,142 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total transaction of $53,194.06.
• On Tuesday, September 2nd, Mary Powell sold 1,809 shares of Sunrun stock. The shares were sold at an average price of $15.76, for a total transaction of $28,509.84.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $19.40 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The company has a market cap of $4.48 billion, a PE ratio of -1.67 and a beta of 2.41. The firm’s 50-day moving average price is $15.38 and its 200-day moving average price is $10.72. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $20.25.

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

Analyst Ratings Changes

A number of research firms recently issued reports on RUN. Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Wells Fargo & Company raised their price objective on shares of Sunrun from $8.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Jefferies Financial Group raised shares of Sunrun from a “hold” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $21.00 in a report on Wednesday, October 1st. BNP Paribas Exane upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Monday, July 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.69.

Hedge Funds Weigh In On Sunrun

Several large investors have recently added to or reduced their stakes in RUN. Sylebra Capital LLC raised its position in shares of Sunrun by 23.8% during the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after buying an additional 1,590,169 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after buying an additional 3,974,464 shares during the last quarter. PGGM Investments raised 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 valued at $57,319,000 after buying an additional 5,325,332 shares during the last quarter. Erste Asset Management GmbH raised its position in shares of Sunrun by 5.5% during the first quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock valued at $30,044,000 after buying an additional 264,024 shares during the last quarter. Finally, Amundi raised its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.