Jeanna Steele Sells 2,357 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $42,968.11. Following the transaction, the insider now directly owns 308,260 shares in the company, valued at $5,619,579.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jeanna Steele also recently made the following trade(s):

  • On Wednesday, August 7th, Jeanna Steele sold 24,161 shares of Sunrun stock. The shares were sold at an average price of $19.24, for a total value of $464,857.64.
  • On Monday, July 8th, Jeanna Steele sold 2,513 shares of Sunrun stock. The shares were sold at an average price of $12.61, for a total value of $31,688.93.

Sunrun Stock Performance

NASDAQ:RUN opened at $19.15 on Thursday. The stock’s fifty day moving average is $17.77 and its 200 day moving average is $14.05. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The firm has a market capitalization of $4.28 billion, a PE ratio of -2.87 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUNGet Free Report) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Sunrun’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas purchased a new stake in Sunrun during the 1st quarter valued at $37,000. Duncker Streett & Co. Inc. purchased a new stake in Sunrun in the second quarter worth $36,000. Parallel Advisors LLC increased its stake in Sunrun by 91.4% in the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after purchasing an additional 1,513 shares during the period. Manchester Capital Management LLC increased its stake in Sunrun by 41.9% in the fourth quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after purchasing an additional 938 shares during the period. Finally, CWM LLC increased its stake in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RUN shares. Evercore ISI lowered their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer lifted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised Sunrun to a “sell” rating in a report on Thursday, August 8th. BMO Capital Markets boosted their price target on Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, Piper Sandler boosted their price target on Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.98.

Read Our Latest Research Report on Sunrun

Sunrun Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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