Sunrun Inc. (NASDAQ:RUN) CEO Sells $210,267.78 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the transaction, the chief executive officer now owns 534,615 shares of the company’s stock, valued at $3,603,305.10. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, March 6th, Mary Powell sold 2,046 shares of Sunrun stock. The stock was sold at an average price of $6.65, for a total value of $13,605.90.

Sunrun Trading Up 13.6 %

Shares of RUN opened at $6.43 on Thursday. Sunrun Inc. has a 52-week low of $5.45 and a 52-week high of $22.26. The business’s fifty day moving average is $7.28 and its 200-day moving average is $10.41. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -3.53 and a beta of 2.74.

Analysts Set New Price Targets

Several brokerages have recently commented on RUN. Barclays reduced their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. UBS Group dropped their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Roth Capital set a $20.00 price target on Sunrun in a report on Friday, February 28th. Finally, Royal Bank of Canada dropped their price target on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $17.20.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Sunrun by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock worth $219,679,000 after acquiring an additional 343,448 shares during the last quarter. Greenvale Capital LLP grew its position in Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. State Street Corp grew its position in Sunrun by 0.6% during the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after acquiring an additional 54,329 shares during the last quarter. Finally, Sylebra Capital LLC grew its position in Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after acquiring an additional 3,699,405 shares during the last quarter. Institutional investors 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.