Sunrun Inc. (NASDAQ:RUN) CEO Sells $48,633.00 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the sale, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The stock was sold at an average price of $11.66, for a total transaction of $20,591.56.

Sunrun Stock Down 5.5 %

NASDAQ:RUN opened at $10.75 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm’s 50-day moving average price is $10.78 and its 200-day moving average price is $14.76. The company has a market capitalization of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.26.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of recent research reports. TD Cowen assumed coverage on Sunrun in a research note on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price for the company. Glj Research reissued a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. Susquehanna decreased their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Barclays dropped their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average price target of $19.16.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the business. Natixis Advisors LLC bought a new position in Sunrun during the 2nd quarter valued at approximately $314,000. Rhumbline Advisers boosted its stake in Sunrun by 25.3% in the 2nd quarter. Rhumbline Advisers now owns 758,512 shares of the energy company’s stock worth $8,996,000 after purchasing an additional 153,007 shares in the last quarter. Victory Capital Management Inc. grew its position in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after purchasing an additional 691 shares during the last quarter. Arizona State Retirement System increased its stake in Sunrun by 2.7% during the 2nd quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock valued at $729,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Sunrun in the second quarter worth about $145,000. Institutional investors own 91.69% of the company’s stock.

About Sunrun

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.