Sunrun (NASDAQ:RUN) CEO Sells $316,362.15 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 23,985 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $316,362.15. Following the sale, the chief executive officer owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Price Performance

Shares of RUN stock opened at $12.46 on Friday. The stock’s 50-day moving average is $13.65 and its 200 day moving average is $15.28. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.44. 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 company has a market cap of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32.

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

Sunrun News Summary

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a new pilot to turn its residential solar and battery network into a distributed AI computing platform, which could open a new, higher-margin revenue stream and expand the company beyond core solar services. Article Title
• Positive Sentiment: Unusual call option buying surged, with investors purchasing far more bullish options than normal, suggesting traders are positioning for additional upside tied to the AI pilot announcement. Article Title
• Neutral Sentiment: Media coverage and commentary around the AI data center pilot helped keep Sunrun in the spotlight, but some reporting noted the news has not yet produced a major stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that can weigh on investor sentiment even if it is not necessarily a negative operational signal. Article Title
• Negative Sentiment: Recent reports also highlighted another insider sale by CEO Mary Powell, reinforcing concerns that management may be taking some profits after the stock’s recent move higher. Article Title

Analysts Set New Price Targets

Several research firms recently commented on RUN. Barclays reduced their price objective on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. TD Cowen cut their price target on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Citigroup cut their price target on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. UBS Group reduced their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Finally, Susquehanna lowered their price objective on Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Sunrun has an average rating of “Hold” and an average target price of $18.87.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Sunrun by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after acquiring an additional 165,196 shares during the period. Invesco Ltd. lifted its position in Sunrun by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after acquiring an additional 1,231,628 shares during the period. Geode Capital Management LLC grew its stake in Sunrun by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after purchasing an additional 205,627 shares during the last quarter. Contour Asset Management LLC purchased a new stake in Sunrun during the 4th quarter valued at about $98,010,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of Sunrun by 47.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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.