Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 15,613 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 15,613 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares in the company, valued at $11,065,124.02. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Trading Down 5.9%

Shares of Sunrun stock traded down $0.77 on Tuesday, hitting $12.20. 14,385,861 shares of the company traded hands, compared to its average volume of 9,647,533. The stock’s 50 day moving average price is $13.69 and its 200-day moving average price is $15.40. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.44. The company has a market cap of $2.91 billion, a PE ratio of 5.73 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.Sunrun’s revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities research analysts predict that Sunrun Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after purchasing an additional 165,196 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Sunrun by 26.6% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Sunrun by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after buying an additional 205,627 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Sunrun during the 4th quarter worth approximately $98,010,000. Finally, Voloridge Investment Management LLC raised its stake in shares of Sunrun by 47.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock worth $63,025,000 after acquiring an additional 1,100,666 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

RUN has been the topic of several research reports. Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Barclays cut their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. UBS Group reduced their price target on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $17.00 price objective on shares of Sunrun in a research note on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Sunrun has a consensus rating of “Hold” and a consensus price target of $18.87.

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.