Sunrun (NASDAQ:RUN) CFO Sells $127,982.00 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 7,190 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $127,982.00. Following the completion of the sale, the chief financial officer owned 405,518 shares of the company’s stock, valued at $7,218,220.40. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Danny Abajian also recently made the following trade(s):

• On Monday, December 8th, Danny Abajian sold 2,007 shares of Sunrun stock. The shares were sold at an average price of $17.79, for a total value of $35,704.53.

Sunrun Stock Down 1.1%

Shares of RUN stock opened at $18.09 on Friday. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The stock has a fifty day moving average price of $18.71 and a 200 day moving average price of $16.08. The stock has a market cap of $4.20 billion, a P/E ratio of -1.62 and a beta of 2.35.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RUN shares. TD Cowen lifted their price objective on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $19.00 price target on Sunrun in a research note on Wednesday. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. The Goldman Sachs Group boosted their target price on shares of Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Susquehanna increased their target price on shares of Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.70.

Hedge Funds Weigh In On Sunrun

Large investors have recently made changes to their positions in the company. PGGM Investments lifted its position in Sunrun by 316.6% during the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after purchasing an additional 5,325,332 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in shares of Sunrun by 95.6% in the 2nd 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 period. Voloridge Investment Management LLC bought a new stake in shares of Sunrun in the third quarter worth about $40,193,000. Robeco Schweiz AG acquired a new stake in Sunrun during the 3rd quarter worth approximately $36,969,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Sunrun by 132.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock worth $48,777,000 after acquiring an additional 1,609,803 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.