Key Points
- Jeanna Steele sold 1,870 Sunrun shares on Dec. 8 at $17.80 (about $33,286), reducing her holding to 359,919 shares (a 0.52% decrease); she also completed several larger insider sales in October, including blocks of 21,037 and 20,426 shares.
- Sunrun shares were up 1.8% to $18.65 after the company beat quarterly estimates (EPS $0.06 vs $0.01; revenue $724.6M, +34.9% YoY) but still reported a negative net margin (-106.5%); analysts have raised targets and the consensus rating is a "Moderate Buy" with an average price target of $19.58.
- Institutional ownership is high at about 91.69%, with Vanguard holding roughly 24.19 million shares (≈$418.3M), indicating heavy institutional concentration in the stock.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,870 shares of Sunrun stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $17.80, for a total value of $33,286.00. Following the sale, the insider directly owned 359,919 shares in the company, valued at approximately $6,406,558.20. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Jeanna Steele also recently made the following trade(s):
- On Wednesday, October 15th, Jeanna Steele sold 4,475 shares of Sunrun stock. The shares were sold at an average price of $21.71, for a total value of $97,152.25.
- On Thursday, October 9th, Jeanna Steele sold 21,037 shares of Sunrun stock. The stock was sold at an average price of $20.25, for a total value of $425,999.25.
- On Wednesday, October 8th, Jeanna Steele sold 1,526 shares of Sunrun stock. The shares were sold at an average price of $19.75, for a total value of $30,138.50.
- On Monday, October 6th, Jeanna Steele sold 4,440 shares of Sunrun stock. The shares were sold at an average price of $19.34, for a total value of $85,869.60.
- On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The stock was sold at an average price of $19.35, for a total transaction of $395,243.10.
Sunrun Stock Up 1.8%
NASDAQ RUN traded up $0.33 during trading hours on Thursday, reaching $18.65. 465,818 shares of the company traded hands, compared to its average volume of 14,596,029. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $4.33 billion, a PE ratio of -1.67 and a beta of 2.35. The company has a 50 day moving average of $19.31 and a two-hundred day moving average of $14.44.
Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $724.56 million during the quarter, compared to the consensus estimate of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company's revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.37) EPS. As a group, equities analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on RUN. Susquehanna raised their price objective on Sunrun from $13.00 to $23.00 and gave the stock a "positive" rating in a research note on Monday, October 13th. Oppenheimer raised their price target on shares of Sunrun from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Royal Bank Of Canada lifted their price target on shares of Sunrun from $16.00 to $22.00 and gave the company an "outperform" rating in a report on Monday, October 20th. Zacks Research downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 17th. Finally, UBS Group raised their target price on shares of Sunrun from $16.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.58.
Get Our Latest Analysis on RUN
Institutional Trading of Sunrun
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company's stock worth $418,300,000 after purchasing an additional 288,945 shares during the period. Sylebra Capital LLC raised its stake in shares of Sunrun by 23.8% in the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after buying an additional 1,590,169 shares in the last quarter. PGGM Investments lifted its holdings in shares of Sunrun by 17.8% in the third quarter. PGGM Investments now owns 8,256,941 shares of the energy company's stock valued at $142,763,000 after buying an additional 1,249,683 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company's stock valued at $66,525,000 after buying an additional 3,974,464 shares in the last quarter. Finally, Erste Asset Management GmbH boosted its stake in Sunrun by 5.5% during the first quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company's stock valued at $30,044,000 after buying an additional 264,024 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.
Sunrun Company Profile
(
Get Free Report)
Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.
Further Reading
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