Sunrun (NASDAQ:RUN) CAO Maria Barak Sells 1,630 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,630 shares of Sunrun stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $18.55, for a total value of $30,236.50. Following the transaction, the chief accounting officer directly owned 85,643 shares in the company, valued at approximately $1,588,677.65. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Maria Barak also recently made the following trade(s):

• On Tuesday, January 6th, Maria Barak sold 1,201 shares of Sunrun stock. The shares were sold at an average price of $17.80, for a total value of $21,377.80.

Sunrun Stock Performance

NASDAQ RUN traded up $0.81 on Monday, reaching $18.90. 5,515,609 shares of the stock were exchanged, compared to its average volume of 6,788,083. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The firm has a market capitalization of $4.39 billion, a PE ratio of -1.69 and a beta of 2.35. The company’s 50-day simple moving average is $18.71 and its two-hundred day simple moving average is $16.20.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.37) earnings per share. Analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Sunrun

A number of large investors have recently added to or reduced their stakes in the company. Sycomore Asset Management purchased a new stake in shares of Sunrun during the 3rd quarter worth approximately $28,000. Optiver Holding B.V. bought a new stake in Sunrun in the third quarter worth $31,000. Smartleaf Asset Management LLC increased its position in Sunrun by 181.0% in the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,660 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Sunrun during the third quarter valued at $38,000. Finally, Resources Management Corp CT ADV lifted its position in Sunrun by 1,085.3% during the third quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock valued at $39,000 after purchasing an additional 2,062 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RUN shares. Morgan Stanley raised their price target on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Raymond James Financial began coverage on Sunrun in a research report on Monday. They set a “market perform” rating for the company. BMO Capital Markets set a $19.00 price target on Sunrun and gave the stock a “market perform” rating in a report on Wednesday, October 15th. Guggenheim upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, November 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.70.

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.