Key Points
- CAO Maria Barak sold 1,630 shares on Jan. 9 at an average of $18.55 for $30,236.50, trimming her stake by 1.87% to 85,643 shares valued at about $1.59M.
- Sunrun beat the prior-quarter EPS and revenue expectations (EPS $0.06 vs. $0.01 consensus; revenue $724.6M, +34.9% YoY) but still shows a negative net margin, while analysts hold a Moderate Buy consensus with an average target of $19.70 and several upgraded price targets.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 1,630 shares of the company's stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $18.55, for a total transaction of $30,236.50. Following the sale, the chief accounting officer directly owned 85,643 shares of the company's stock, valued at $1,588,677.65. This represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Maria Barak also recently made the following trade(s):
- On Tuesday, January 6th, Maria Barak sold 1,201 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total transaction of $21,377.80.
Sunrun Price Performance
Shares of NASDAQ:RUN opened at $18.90 on Tuesday. The firm has a 50 day moving average of $18.69 and a 200-day moving average of $16.28. 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 $4.39 billion, a PE ratio of -1.69 and a beta of 2.35.
Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business 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 period in the previous year, the business earned ($0.37) earnings per share. On average, equities research analysts predict that Sunrun Inc. will post -0.43 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a research note on Wednesday, January 7th. UBS Group upped their price target on shares of Sunrun from $16.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, October 21st. Guggenheim raised Sunrun from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Monday, November 10th. Royal Bank Of Canada restated an "outperform" rating on shares of Sunrun in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. increased their target price on Sunrun from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sunrun currently has an average rating of "Moderate Buy" and an average target price of $19.70.
View Our Latest Stock Report on RUN
Institutional Investors Weigh In On Sunrun
Several institutional investors and hedge funds have recently made changes to their positions in RUN. PGGM Investments boosted its stake in Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock worth $57,319,000 after acquiring an additional 5,325,332 shares in the last quarter. Greenleaf Trust bought a new stake in Sunrun in the second quarter valued at $121,000. Nisa Investment Advisors LLC raised its holdings in shares of Sunrun by 7,260.9% during the second quarter. Nisa Investment Advisors LLC now owns 122,118 shares of the energy company's stock valued at $999,000 after purchasing an additional 120,459 shares during the period. Range Financial Group LLC bought a new position in shares of Sunrun during the 3rd quarter worth about $1,403,000. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Sunrun by 47.3% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 51,807 shares of the energy company's stock worth $424,000 after purchasing an additional 16,643 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
Sunrun Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
