Sunrun Inc. (NASDAQ:RUN – Get Rating) CAO Michelle Philpot sold 420 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $27.70, for a total value of $11,634.00. Following the transaction, the chief accounting officer now owns 36,930 shares in the company, valued at $1,022,961. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michelle Philpot also recently made the following trade(s):
On Thursday, December 15th, Michelle Philpot sold 478 shares of Sunrun stock. The stock was sold at an average price of $31.31, for a total value of $14,966.18.
On Tuesday, December 6th, Michelle Philpot sold 123 shares of Sunrun stock. The stock was sold at an average price of $29.44, for a total value of $3,621.12.
Sunrun Stock Up 3.9 %
Shares of RUN stock traded up $1.02 on Wednesday, reaching $27.22. 4,904,708 shares of the stock were exchanged, compared to its average volume of 7,539,038. The company has a current ratio of 1.74, a quick ratio of 1.19 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $27.08 and its 200 day moving average price is $28.52. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 93.87 and a beta of 2.20. Sunrun Inc. has a twelve month low of $16.80 and a twelve month high of $39.13.
Sunrun (NASDAQ:RUN – Get Rating) last announced its earnings results on Wednesday, November 2nd. The energy company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.97. Sunrun had a net margin of 3.35% and a return on equity of 1.23%. The business had revenue of $631.91 million during the quarter, compared to the consensus estimate of $542.20 million. As a group, sell-side analysts expect that Sunrun Inc. will post 0.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sunrun
Several hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC purchased a new position in Sunrun during the third quarter worth about $210,000. Bank of New York Mellon Corp raised its holdings in Sunrun by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 2,011,417 shares of the energy company’s stock worth $55,496,000 after purchasing an additional 77,769 shares in the last quarter. Toroso Investments LLC purchased a new position in Sunrun during the third quarter worth about $226,000. Teachers Retirement System of The State of Kentucky purchased a new position in Sunrun during the third quarter worth about $884,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Sunrun during the third quarter worth about $3,034,000. Institutional investors and hedge funds own 90.85% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on RUN shares. Morgan Stanley lowered their target price on Sunrun from $79.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Wolfe Research cut Sunrun from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 20th. Royal Bank of Canada decreased their price objective on Sunrun from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, November 11th. BMO Capital Markets decreased their price objective on Sunrun from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Finally, Northland Securities assumed coverage on Sunrun in a research report on Wednesday, September 28th. They issued an “outperform” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.63.
About Sunrun
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.