Sunrun (NASDAQ:RUN) CRO Sells $108,918.20 in Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) CRO Paul Dickson sold 6,119 shares of Sunrun stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $108,918.20. Following the sale, the executive directly owned 639,110 shares in the company, valued at approximately $11,376,158. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sunrun Price Performance

Shares of NASDAQ RUN traded down $0.94 during mid-day trading on Wednesday, reaching $17.36. The company’s stock had a trading volume of 5,889,330 shares, compared to its average volume of 7,612,454. The stock has a 50-day moving average of $18.85 and a two-hundred day moving average of $15.97. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46. The stock has a market capitalization of $4.03 billion, a P/E ratio of -1.55 and a beta of 2.35. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44.

Sunrun (NASDAQ:RUNGet Free Report) last released its earnings results 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 business 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%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted ($0.37) EPS. On average, equities research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

More Sunrun News

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Hedge Funds Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of RUN. GAMMA Investing LLC grew its position in Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after acquiring an additional 607 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Sunrun by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after purchasing an additional 644 shares during the period. Harvest Portfolios Group Inc. grew its holdings in shares of Sunrun by 2.7% in the third quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock valued at $532,000 after purchasing an additional 800 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Sunrun by 5.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock worth $325,000 after buying an additional 967 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after buying an additional 1,332 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RUN. TD Cowen upped their price objective on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group upped their price objective on Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on Sunrun in a research report on Wednesday. Susquehanna lifted their target price on Sunrun from $13.00 to $23.00 and gave the company a “positive” rating in a research report on Monday, October 13th. Finally, BMO Capital Markets set a $19.00 price target on Sunrun and gave the stock a “market perform” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.70.

View Our Latest Report on RUN

Sunrun Company Profile

(Get Free Report)

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.

Further Reading

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

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