Key Points
- Sunrun CAO Maria Barak sold 1,747 shares on July 6 at an average price of $13.17, totaling about $23,008. The sale reduced her ownership by 1.84% and was made to cover tax withholding tied to vested equity awards.
- This was not her only recent sale; Barak also sold 8,039 Sunrun shares on April 9 for about $109,893 at an average price of $13.67.
- Sunrun recently reported strong quarterly results, posting EPS of $0.62 versus expectations for a loss and revenue of $722.23 million, up 43.2% year over year. Despite that, analysts currently rate the stock a consensus Hold with an average price target of $18.87.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) CAO Maria Barak sold 1,747 shares of the company's 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 transaction, the chief accounting officer owned 93,311 shares of the company's stock, valued at $1,228,905.87. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $109,893.13.
Sunrun Stock Performance
NASDAQ:RUN opened at $12.20 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. The company has a market cap of $2.91 billion, a P/E ratio of 5.73 and a beta of 2.32. The firm's 50 day moving average is $13.68 and its two-hundred day moving average is $15.36. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.44.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million during the quarter, compared to the consensus estimate of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The firm's quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts expect that Sunrun Inc. will post 1.09 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in RUN. Farther Finance Advisors LLC boosted its stake in shares of Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock valued at $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Sunrun in the 4th quarter worth $27,000. Sycomore Asset Management purchased a new position in Sunrun in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. boosted its position in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock valued at $28,000 after buying an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Sunrun during the fourth quarter valued at about $30,000. 91.69% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have issued reports on RUN. Citigroup decreased their price objective on shares of Sunrun from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, April 21st. UBS Group reduced their target price on shares of Sunrun from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, June 16th. Zacks Research downgraded Sunrun from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $17.00 price objective on shares of Sunrun in a research report on Friday, May 8th. Finally, Jefferies Financial Group reduced their price objective on Sunrun from $22.00 to $15.00 and set a "hold" rating on the stock in a research note on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.87.
Read Our Latest Stock Analysis on RUN
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.
Featured Articles
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].
