Sunrun (NASDAQ:RUN) CAO Sells $23,007.99 in Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,747 shares of Sunrun stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.17, for a total value of $23,007.99. Following the completion of the sale, the chief accounting officer owned 93,311 shares in the company, valued at $1,228,905.87. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Maria Barak also recently made the following trade(s):

• On Thursday, April 9th, Maria Barak sold 8,039 shares of Sunrun stock. The stock was sold at an average price of $13.67, for a total value of $109,893.13.

Sunrun Trading Down 5.9%

Shares of NASDAQ:RUN traded down $0.77 during midday trading on Tuesday, reaching $12.20. 14,385,861 shares of the company’s stock were exchanged, compared to its average volume of 9,647,533. The firm’s 50 day simple moving average is $13.69 and its two-hundred day simple moving average is $15.40. 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 market cap of $2.91 billion, a price-to-earnings ratio of 5.73 and a beta of 2.32. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.44.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its stake in shares of Sunrun by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock valued at $42,592,000 after buying an additional 145,285 shares during the period. Intech Investment Management LLC raised its holdings in Sunrun by 33.1% in the fourth quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock valued at $5,973,000 after acquiring an additional 80,695 shares in the last quarter. LBP AM SA acquired a new stake in Sunrun in the fourth quarter valued at approximately $3,307,000. Lingotto Investment Management LLP purchased a new position in Sunrun in the fourth quarter worth approximately $4,480,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in Sunrun in the fourth quarter worth approximately $2,760,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen decreased their price objective 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. Susquehanna dropped their target price on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. UBS Group lowered their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Finally, Wall Street Zen cut Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sunrun presently has an average rating of “Hold” and a consensus target price of $18.87.

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.