Sunrun (NASDAQ:RUN) CAO Maria Barak Sells 1,747 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,747 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.17, for a total value of $23,007.99. Following the transaction, the chief accounting officer directly owned 93,311 shares of the company’s stock, valued at approximately $1,228,905.87. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $13.67, for a total value of $109,893.13.

Sunrun Trading Down 5.9%

Shares of RUN stock opened at $12.20 on Wednesday. The business’s fifty day moving average price is $13.68 and its 200 day moving average price is $15.36. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.44. The firm has a market capitalization of $2.91 billion, a PE ratio of 5.73 and a beta of 2.32. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. The company 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%.Sunrun’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, sell-side analysts forecast that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Wall Street Zen cut Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Susquehanna dropped their price objective on Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Finally, Glj Research reiterated a “sell” rating on shares of Sunrun in a research report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and a consensus price target of $18.87.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RUN. Empowered Funds LLC increased its position in Sunrun by 26.3% during the first quarter. Empowered Funds LLC now owns 20,856 shares of the energy company’s stock worth $283,000 after buying an additional 4,342 shares in the last quarter. Bank of America Corp DE raised its stake in Sunrun by 74.7% in the 1st quarter. Bank of America Corp DE now owns 2,054,524 shares of the energy company’s stock valued at $27,859,000 after purchasing an additional 878,319 shares during the last quarter. Amundi raised its stake in Sunrun by 56.3% in the 1st quarter. Amundi now owns 3,300,626 shares of the energy company’s stock valued at $44,798,000 after purchasing an additional 1,188,564 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Sunrun by 22.4% in the 1st quarter. California State Teachers Retirement System now owns 267,162 shares of the energy company’s stock valued at $3,623,000 after purchasing an additional 48,965 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Sunrun by 3.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 149,359 shares of the energy company’s stock worth $2,025,000 after purchasing an additional 5,545 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

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.