Insider Selling: Sunrun (NASDAQ:RUN) CFO Sells $217,569.05 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 16,495 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the sale, the chief financial officer directly owned 420,318 shares of the company’s stock, valued at $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 8th, Danny Abajian sold 2,030 shares of Sunrun stock. The stock was sold at an average price of $13.39, for a total value of $27,181.70.

Sunrun Stock Up 3.7%

RUN stock opened at $12.46 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The stock’s fifty day simple moving average is $13.65 and its two-hundred day simple moving average is $15.28. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. The company had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Analysts expect that Sunrun Inc. will post 1.09 EPS for the current year.

Institutional Trading of Sunrun

A number of institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB lifted its holdings in Sunrun by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock worth $42,592,000 after buying an additional 145,285 shares during the period. Intech Investment Management LLC increased its stake in shares of Sunrun by 33.1% during the fourth quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock valued at $5,973,000 after buying an additional 80,695 shares during the period. LBP AM SA bought a new position in shares of Sunrun during the fourth quarter valued at approximately $3,307,000. Lingotto Investment Management LLP bought a new position in shares of Sunrun during the fourth quarter valued at approximately $4,480,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Sunrun in the fourth quarter worth $2,760,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RUN has been the subject of several recent research reports. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Glj Research reiterated a “sell” rating on shares of Sunrun in a research report on Wednesday, June 24th. Jefferies Financial Group dropped their target price on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price objective on Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, TD Cowen lowered their price target on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and a consensus price target of $18.87.

More Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a new pilot to turn its residential solar and battery network into a distributed AI computing platform, which could open a new, higher-margin revenue stream and expand the company beyond core solar services. Article Title
• Positive Sentiment: Unusual call option buying surged, with investors purchasing far more bullish options than normal, suggesting traders are positioning for additional upside tied to the AI pilot announcement. Article Title
• Neutral Sentiment: Media coverage and commentary around the AI data center pilot helped keep Sunrun in the spotlight, but some reporting noted the news has not yet produced a major stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that can weigh on investor sentiment even if it is not necessarily a negative operational signal. Article Title
• Negative Sentiment: Recent reports also highlighted another insider sale by CEO Mary Powell, reinforcing concerns that management may be taking some profits after the stock’s recent move higher. Article Title

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.