Sunrun Inc. (NASDAQ:RUN – Get Free Report) CAO Maria Barak sold 3,278 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.17, for a total value of $39,893.26. Following the transaction, the chief accounting officer owned 90,033 shares in the company, valued at $1,095,701.61. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Maria Barak also recently made the following trade(s):
- On Monday, July 6th, Maria Barak sold 1,747 shares of Sunrun stock. The shares were sold at an average price of $13.17, for a total value of $23,007.99.
Sunrun Price Performance
Shares of Sunrun stock traded up $0.45 during trading on Thursday, reaching $12.46. The company’s stock had a trading volume of 8,950,093 shares, compared to its average volume of 9,743,506. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.44. The company has a market capitalization of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. The business has a 50 day moving average price of $13.66 and a 200-day moving average price of $15.32.
Hedge Funds Weigh In On Sunrun
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. Salomon & Ludwin LLC lifted its position in Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after purchasing an additional 558 shares during the period. Hantz Financial Services Inc. increased its position in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Sunrun by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after purchasing an additional 565 shares during the period. Sage Rhino Capital LLC increased its position in shares of Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after purchasing an additional 572 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Sunrun by 62.9% in the 4th quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after buying an additional 669 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
Key Sunrun News
Here are the key news stories impacting Sunrun this week:
- Positive Sentiment: Sunrun launched a distributed AI compute pilot that could turn its large customer base into a new high-margin business, potentially boosting long-term growth and investor optimism. Sunrun Launches Distributed AI Data Center Pilot Backed By Existing Home Energy Generation
- Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for further upside in RUN, which can add momentum to the stock. Stock Traders Buy Large Volume of Call Options on Sunrun (NASDAQ:RUN)
- Positive Sentiment: Market coverage highlighted that Sunrun’s AI-data-center pilot may be the start of a bigger opportunity, reinforcing the growth story around the company’s existing energy infrastructure. Sunrun’s new distributed AI data center pilot could be the start of something big
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Zacks Research lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Wall Street Zen lowered Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Glj Research reaffirmed a “sell” rating on shares of Sunrun in a research note on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Hold” and an average target price of $18.87.
Check Out Our Latest Stock Analysis on Sunrun
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.
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