Sunrun (NASDAQ:RUN) CFO Danny Abajian Sells 2,030 Shares

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 2,030 shares of Sunrun stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $13.39, for a total value of $27,181.70. Following the completion of the sale, the chief financial officer owned 438,781 shares in the company, valued at approximately $5,875,277.59. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Danny Abajian also recently made the following trade(s):

• On Monday, April 6th, Danny Abajian sold 132,953 shares of Sunrun stock. The stock was sold at an average price of $13.25, for a total value of $1,761,627.25.

Sunrun Trading Down 6.4%

RUN stock opened at $12.60 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 5.92 and a beta of 2.32. The business’s 50-day moving average is $13.63 and its 200 day moving average is $16.09.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. During the same period in the previous year, the firm posted $0.20 EPS. Sunrun’s revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RUN has been the topic of a number of research reports. Loop Capital set a $12.00 target price on shares of Sunrun in a research note on Tuesday, March 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of Sunrun in a research note on Thursday, May 7th. Glj Research reissued a “sell” rating and issued a $4.63 target price on shares of Sunrun in a research note on Thursday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, Wall Street Zen cut Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.48.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its holdings in Sunrun by 3,147.1% in the third quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock valued at $2,648,000 after acquiring an additional 148,447 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Sunrun by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company’s stock valued at $20,660,000 after acquiring an additional 63,284 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock valued at $418,300,000 after acquiring an additional 288,945 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sunrun by 132.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock valued at $48,777,000 after acquiring an additional 1,609,803 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Sunrun by 6.7% in the fourth quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock valued at $42,592,000 after purchasing an additional 145,285 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.