Mary Powell Sells 4,350 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares in the company, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The shares were sold at an average price of $11.66, for a total value of $20,591.56.

Sunrun Trading Up 3.6 %

RUN traded up $0.40 on Tuesday, reaching $11.37. 10,173,392 shares of the company’s stock were exchanged, compared to its average volume of 8,641,270. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a twelve month low of $9.01 and a twelve month high of $22.26. The company’s 50 day moving average is $10.98 and its 200-day moving average is $14.82.

Analysts Set New Price Targets

A number of analysts recently commented on RUN shares. Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Roth Mkm lowered their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group reduced their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.31.

Hedge Funds Weigh In On Sunrun

Several hedge funds and other institutional investors have recently made changes to their positions in RUN. Victory Capital Management Inc. boosted its holdings in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after purchasing an additional 691 shares during the last quarter. Creative Planning grew its position in shares of Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the last quarter. United Services Automobile Association raised its holdings in Sunrun by 6.3% in the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock valued at $209,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

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.