Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 2,371 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 2,371 shares of Sunrun stock in a transaction on Monday, December 8th. The shares were sold at an average price of $17.79, for a total value of $42,180.09. Following the completion of the sale, the executive directly owned 645,229 shares of the company’s stock, valued at $11,478,623.91. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Sunrun Trading Up 1.8%

NASDAQ RUN traded up $0.33 during trading on Thursday, hitting $18.65. The stock had a trading volume of 465,818 shares, compared to its average volume of 14,596,029. The company has a market capitalization of $4.33 billion, a PE ratio of -1.67 and a beta of 2.35. 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 firm has a 50 day moving average price of $19.31 and a 200 day moving average price of $14.44. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RUN. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. Citigroup upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $26.00 in a research note on Tuesday, October 21st. UBS Group lifted their price target on shares of Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and a consensus target price of $19.58.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sycomore Asset Management acquired a new stake in shares of Sunrun in the 3rd quarter valued at about $28,000. Optiver Holding B.V. purchased a new stake in Sunrun in the third quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of Sunrun by 181.0% in the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,660 shares during the period. Advisory Services Network LLC purchased a new position in shares of Sunrun during the third quarter worth approximately $38,000. Finally, Resources Management Corp CT ADV grew its position in shares of Sunrun by 1,085.3% during the third quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock worth $39,000 after acquiring an additional 2,062 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.