Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 15,613 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 15,613 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the completion of the sale, the executive owned 839,539 shares in the company, valued at approximately $11,065,124.02. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Stock Performance

Sunrun stock opened at $12.20 on Wednesday. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.44. The firm has a market capitalization of $2.91 billion, a P/E ratio of 5.73 and a beta of 2.32. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. The stock has a fifty day moving average price of $13.68 and a two-hundred day moving average price of $15.36.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, analysts anticipate that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sunrun during the 4th quarter valued at $27,000. Sycomore Asset Management bought a new stake in Sunrun in the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Sunrun in the fourth quarter valued at approximately $30,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price objective on shares of Sunrun in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Sunrun in a report on Friday, May 8th. Jefferies Financial Group cut their target price on Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Finally, Susquehanna reduced their price target on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.87.

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.