Insider Selling: Sunrun (NASDAQ:RUN) CAO Sells 3,256 Shares of Company Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $9.35, for a total transaction of $30,443.60. Following the sale, the chief accounting officer owned 85,006 shares in the company, valued at approximately $794,806.10. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Maria Barak sold 1,771 shares of Sunrun stock. The shares were sold at an average price of $7.77, for a total value of $13,760.67.

Sunrun Stock Performance

Sunrun stock traded up $0.11 during midday trading on Wednesday, reaching $8.79. 31,965,243 shares of the company traded hands, compared to its average volume of 9,366,958. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 5.94 and a beta of 2.35. The business has a 50 day moving average of $8.10 and a two-hundred day moving average of $12.38. Sunrun Inc. has a 12 month low of $6.78 and a 12 month high of $21.95. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $757.53 million. As a group, research analysts predict that Sunrun Inc. will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley lowered their price target on Sunrun from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price objective on shares of Sunrun in a research report on Friday, October 9th. Roth Capital reissued a “buy” rating on shares of Sunrun in a report on Thursday, July 9th. Citigroup dropped their target price on shares of Sunrun from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Glj Research restated a “sell” rating and set a $4.63 target price on shares of Sunrun in a research report on Monday, August 17th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Sunrun has an average rating of “Hold” and an average target price of $14.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings 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 worth $88,375,000 after acquiring an additional 165,196 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in Sunrun by 23.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock worth $49,433,000 after purchasing an additional 692,448 shares during the period. Amundi raised its position in Sunrun by 3.9% in the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after purchasing an additional 127,878 shares during the period. Robeco Schweiz AG boosted its position in shares of Sunrun by 28.5% during the third quarter. Robeco Schweiz AG now owns 5,478,228 shares of the energy company’s stock valued at $42,566,000 after buying an additional 1,214,548 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Sunrun during the second quarter valued at approximately $29,953,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Investors are buying solar stocks after Democrats won control of both chambers of Congress, in a move dubbed the “Blue Trade.” The market appears to be anticipating a more favorable policy backdrop for clean energy; Sunrun was among the solar stocks rallying. Article: Blue trade sends First Solar and Sunrun soaring
• Positive Sentiment: Sunrun said participation in its Puerto Rico distributed power plant doubled to more than 60,000 customers, representing nearly 70,000 home batteries. The network can provide 45 megawatts of dispatchable power for up to four hours, supporting the island’s grid and demonstrating the scale of Sunrun’s home-to-grid operations. Article: Sunrun Doubles Puerto Rico Distributed Power Plant Participation
• Neutral Sentiment: The broader solar-sector rebound was already extending into a second session on Tuesday, ahead of a busy stretch of earnings reports. Sunrun’s third-quarter results were still upcoming in the supplied coverage, leaving investors without a new earnings update in these reports. Article: Solar rebound extends into earnings
• Negative Sentiment: A recent article noted that Sunrun shares had fallen sharply even as sales rose, underscoring the stock’s substantial prior weakness and the risks that may continue to weigh on sentiment. Article: Sunrun Fell 55% While Sales Rose

About Sunrun

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.