Sunrun (NASDAQ:RUN) CFO Danny Abajian Sells 1,412 Shares

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 1,412 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.98, for a total transaction of $16,915.76. Following the completion of the sale, the chief financial officer owned 568,151 shares of the company’s stock, valued at approximately $6,806,448.98. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 2nd, Danny Abajian sold 4,193 shares of Sunrun stock. The stock was sold at an average price of $12.33, for a total transaction of $51,699.69.
• On Tuesday, January 6th, Danny Abajian sold 7,190 shares of Sunrun stock. The stock was sold at an average price of $17.80, for a total value of $127,982.00.

Sunrun Price Performance

NASDAQ:RUN traded down $0.01 during trading hours on Monday, reaching $11.33. The company had a trading volume of 11,723,862 shares, compared to its average volume of 10,123,678. The firm has a market capitalization of $2.66 billion, a PE ratio of 6.63 and a beta of 2.43. The stock has a 50-day moving average of $18.30 and a two-hundred day moving average of $18.32. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.46. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm’s quarterly revenue was up 123.5% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. Analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on RUN. Oppenheimer increased their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Zacks Research upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Weiss Ratings raised shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Jefferies Financial Group downgraded shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Friday, February 27th. Finally, Mizuho lowered their target price on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.84.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC increased its position in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after acquiring an additional 565 shares during the period. Sage Rhino Capital LLC increased its holdings in shares of Sunrun by 5.2% in the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after acquiring an additional 572 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after acquiring an additional 607 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.