Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 901 shares of the company's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.97, for a total value of $10,784.97. Following the sale, the insider owned 461,290 shares in the company, valued at $5,521,641.30. The trade was a 0.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Jeanna Steele also recently made the following trade(s):
- On Monday, March 2nd, Jeanna Steele sold 1,104 shares of Sunrun stock. The shares were sold at an average price of $12.34, for a total value of $13,623.36.
- On Tuesday, January 6th, Jeanna Steele sold 4,430 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total value of $78,854.00.
Sunrun Stock Down 0.1%
NASDAQ:RUN opened at $11.33 on Tuesday. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 6.63 and a beta of 2.43. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. The stock's 50 day moving average price is $18.13 and its two-hundred day moving average price is $18.30.
Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $610.29 million. During the same quarter in the prior year, the firm posted $1.41 EPS. The firm's revenue for the quarter was up 123.5% compared to the same quarter last year. Equities research analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Morgan Stanley increased their price target on shares of Sunrun from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 2nd. Jefferies Financial Group cut shares of Sunrun from a "buy" rating to a "hold" rating and set a $22.00 target price on the stock. in a report on Friday, February 27th. The Goldman Sachs Group raised their target price on shares of Sunrun from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Loop Capital set a $12.00 price target on Sunrun in a report on Tuesday, March 3rd. Finally, Guggenheim raised Sunrun from a "neutral" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.84.
Check Out Our Latest Research Report on Sunrun
Key Stories Impacting Sunrun
Here are the key news stories impacting Sunrun this week:
- Positive Sentiment: Analysts note Sunrun’s improving cash generation and progress on asset monetization, which supports a higher long‑term valuation even though one model trimmed its fair‑value estimate slightly; this is the bullish case investors cite when valuing RUN. How Sunrun (RUN) Narrative Is Shifting As Cash Generation Meets Valuation Doubts
- Neutral Sentiment: Recent reporting on short interest provides context on market positioning — rising short activity can amplify volatility but doesn’t itself change fundamentals; monitor changes in short interest for potential price pressure. 4RUN : Peering Into Sunrun Inc's Recent Short Interest
- Negative Sentiment: Multiple senior executives and an insider executed stock sales on March 6 (CEO Mary Powell, CFO Danny Abajian, CRO Paul S. Dickson, director Lynn Jurich and insider Jeanna Steele). While sizes are small relative to their holdings, clustered sales by top executives can be read negatively by the market as reduced insider conviction or liquidity-driven moves; review the SEC filings linked below for details. Mary Powell Form 4 Danny Abajian Form 4 Paul S. Dickson Form 4 Lynn Jurich Form 4 Jeanna Steele Form 4
- Negative Sentiment: A law firm has announced a fraud investigation involving Sunrun, which can increase legal risk, raise uncertainty and pressure sentiment until the scope and outcome are clarified; investors should monitor developments and potential filings. RUN Investors Have Opportunity to Join Sunrun Inc. Fraud Investigation
Institutional Trading of Sunrun
A number of institutional investors have recently modified their holdings of RUN. Quantbot Technologies LP increased its position in shares of Sunrun by 3,147.1% in the third quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company's stock worth $2,648,000 after purchasing an additional 148,447 shares during the period. Principal Financial Group Inc. raised its stake in Sunrun by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company's stock valued at $20,660,000 after purchasing an additional 63,284 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Sunrun by 41.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 498,530 shares of the energy company's stock worth $8,620,000 after purchasing an additional 146,588 shares during the period. Range Financial Group LLC bought a new stake in Sunrun during the third quarter worth about $1,403,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sunrun by 132.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company's stock worth $48,777,000 after buying an additional 1,609,803 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.
About Sunrun
(
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.
Further Reading
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