Sunrun Inc. (NASDAQ:RUN) CRO Sells $65,677.95 in Stock

by · The Cerbat Gem

Sunrun Inc. (NASDAQ:RUN – Get Free Report) CRO Paul S. Dickson sold 4,017 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $65,677.95. Following the transaction, the executive now owns 423,866 shares of the company’s stock, valued at approximately $6,930,209.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sunrun Trading Up 1.6 %

RUN stock opened at $16.65 on Thursday. The company has a market capitalization of $3.72 billion, a PE ratio of -2.50 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26. The firm’s 50-day moving average is $18.69 and its 200 day moving average is $15.01.

Sunrun (NASDAQ:RUN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. On average, research analysts anticipate that Sunrun Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently made changes to their positions in RUN. First Trust Advisors LP increased its stake in shares of Sunrun by 36.0% during the fourth quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock valued at $42,651,000 after buying an additional 575,293 shares during the period. Robeco Schweiz AG grew its holdings in Sunrun by 4.3% during the 4th quarter. Robeco Schweiz AG now owns 3,735,300 shares of the energy company’s stock worth $73,324,000 after acquiring an additional 154,000 shares in the last quarter. Caxton Associates LP purchased a new position in Sunrun during the 4th quarter valued at about $1,672,000. Masters Capital Management LLC bought a new stake in shares of Sunrun in the 4th quarter valued at about $19,630,000. Finally, Greenvale Capital LLP lifted its position in shares of Sunrun by 15.3% in the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after purchasing an additional 1,100,000 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on RUN shares. Barclays raised their price target on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. BMO Capital Markets upped their price target on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. UBS Group lifted their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Susquehanna upped their target price on shares of Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.39.

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About Sunrun

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Sunrun Inc designs, develops, installs, sells, owns, and maintains 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; and sells services to commercial developers through multi-family and new homes.

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