Danny Abajian Sells 16,495 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 16,495 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $217,569.05. Following the transaction, the chief financial officer directly owned 420,318 shares in the company, valued at $5,543,994.42. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Danny Abajian also recently made the following trade(s):

• On Monday, June 8th, Danny Abajian sold 2,030 shares of Sunrun stock. The stock was sold at an average price of $13.39, for a total value of $27,181.70.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $12.01 on Thursday. The firm has a market capitalization of $2.86 billion, a P/E ratio of 5.64 and a beta of 2.32. Sunrun Inc. has a one year low of $9.01 and a one year high of $22.44. The company’s fifty day moving average is $13.66 and its two-hundred day moving average is $15.32. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45.

Sunrun (NASDAQ:RUN) last announced 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. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business had revenue of $722.23 million during the quarter, compared to the consensus estimate of $688.50 million. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue was up 43.2% compared to the same quarter last year. Analysts forecast that Sunrun Inc. will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently bought and sold shares of RUN. Dimensional Fund Advisors LP increased its position in Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after buying an additional 165,196 shares in the last quarter. Invesco Ltd. raised its position in shares of Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after buying an additional 1,231,628 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sunrun by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after buying an additional 205,627 shares during the period. Contour Asset Management LLC acquired a new stake in Sunrun during the fourth quarter worth approximately $98,010,000. Finally, Voloridge Investment Management LLC grew its position in shares of Sunrun by 47.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Key Headlines Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a pilot program to convert part of its 1.1 million-customer home energy network into a distributed AI compute platform, creating a potential new business line tied to AI demand. Sunrun Launches Distributed AI Data Center Pilot Backed By Existing Home Energy Generation
• Positive Sentiment: The company’s AI initiative is being framed as a high-margin opportunity that could leverage its installed solar, battery, and grid-service infrastructure without requiring a traditional data center buildout. Sunrun Launches Distributed AI Data Center Pilot Backed By Existing Home Energy Generation
• Neutral Sentiment: Analysts and media are highlighting the concept of using customer homes as “inference nodes,” which could attract investor attention but remains an early-stage pilot rather than a proven earnings driver. Sunrun Wants to Turn a Million Homes Into an AI Data Center
• Neutral Sentiment: Several insiders, including the CEO and CFO, sold shares, but the filings indicate the sales were made to cover tax withholding obligations tied to vesting equity awards, limiting the negative signal for investors. Maria Barak Sells 1,747 Shares of Sunrun (NASDAQ:RUN) Stock
• Neutral Sentiment: A Barron’s article also discussed the broader idea that residential solar systems could help power AI data centers, adding to the market’s enthusiasm around Sunrun’s new pilot. Your Solar Panels Could Be Used to Power AI Data Centers

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 price objective on shares of Sunrun in a report on Friday, May 8th. TD Cowen lowered their target price on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Sunrun in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sunrun has a consensus rating of “Hold” and an average target price of $18.87.

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.