Insider Selling: Sunrun (NASDAQ:RUN) Insider Sells $130,541.43 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 9,897 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at approximately $6,090,020.85. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Price Performance

Sunrun stock opened at $12.46 on Friday. The company’s fifty day moving average price is $13.65 and its 200 day moving average price is $15.28. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.44. The stock has a market capitalization of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. 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 posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, equities research analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sunrun in the fourth quarter valued at approximately $27,000. Sycomore Asset Management acquired a new stake in shares of Sunrun in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its holdings in shares of Sunrun by 59.1% in the fourth 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 last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Sunrun during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RUN. JPMorgan Chase & Co. reduced their price target on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Susquehanna cut 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. Glj Research reissued a “sell” rating on shares of Sunrun in a report on Wednesday, June 24th. Roth Capital reissued a “buy” rating on shares of Sunrun in a report on Thursday. Finally, UBS Group decreased their target price on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average price target of $18.87.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a new pilot to turn its residential solar and battery network into a distributed AI computing platform, which could open a new, higher-margin revenue stream and expand the company beyond core solar services. Article Title
• Positive Sentiment: Unusual call option buying surged, with investors purchasing far more bullish options than normal, suggesting traders are positioning for additional upside tied to the AI pilot announcement. Article Title
• Neutral Sentiment: Media coverage and commentary around the AI data center pilot helped keep Sunrun in the spotlight, but some reporting noted the news has not yet produced a major stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that can weigh on investor sentiment even if it is not necessarily a negative operational signal. Article Title
• Negative Sentiment: Recent reports also highlighted another insider sale by CEO Mary Powell, reinforcing concerns that management may be taking some profits after the stock’s recent move higher. Article Title

Sunrun Company Profile

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.