Sunrun Inc. (NASDAQ:RUN – Get Rating) insider Jeanna Steele sold 830 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $18.60, for a total transaction of $15,438.00. Following the completion of the transaction, the insider now owns 252,186 shares in the company, valued at approximately $4,690,659.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Jeanna Steele also recently made the following trade(s):
On Tuesday, June 6th, Jeanna Steele sold 2,152 shares of Sunrun stock. The stock was sold at an average price of $18.75, for a total transaction of $40,350.00.
Sunrun Stock Down 2.8 %
RUN stock opened at $18.80 on Wednesday. Sunrun Inc. has a 52-week low of $14.55 and a 52-week high of $39.13. The company’s 50 day simple moving average is $18.57 and its 200-day simple moving average is $22.12. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.81 and a quick ratio of 1.04. The firm has a market capitalization of $4.05 billion, a P/E ratio of 268.61 and a beta of 2.32.
Sunrun (NASDAQ:RUN – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The energy company reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.08). Sunrun had a net margin of 0.86% and a return on equity of 0.28%. The firm had revenue of $589.85 million for the quarter, compared to analyst estimates of $517.78 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sunrun Inc. will post -1.51 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in Sunrun by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 29,826 shares of the energy company’s stock valued at $716,000 after buying an additional 390 shares during the period. Captrust Financial Advisors increased its stake in shares of Sunrun by 6.2% during the 3rd quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock worth $204,000 after purchasing an additional 431 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Sunrun by 5.5% during the 4th quarter. Profund Advisors LLC now owns 8,833 shares of the energy company’s stock worth $212,000 after purchasing an additional 457 shares during the last quarter. Drive Wealth Management LLC increased its stake in shares of Sunrun by 1.1% during the 4th quarter. Drive Wealth Management LLC now owns 50,967 shares of the energy company’s stock worth $1,224,000 after purchasing an additional 554 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Sunrun by 2.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,960 shares of the energy company’s stock worth $631,000 after purchasing an additional 610 shares during the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on RUN. TheStreet lowered shares of Sunrun from a “c-” rating to a “d+” rating in a research note on Thursday, April 6th. Scotiabank began coverage on shares of Sunrun in a research note on Thursday, March 2nd. They set a “sector outperform” rating and a $40.00 target price for the company. Morgan Stanley reduced their target price on shares of Sunrun from $65.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, April 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Tuesday, April 25th. Finally, Susquehanna reduced their price target on shares of Sunrun from $42.00 to $40.00 in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.81.
Sunrun Company Profile
Sunrun, Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.