Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares of the company's stock, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Mary Powell also recently made the following trade(s):
- On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The stock was sold at an average price of $11.66, for a total value of $20,591.56.
Sunrun Trading Up 3.6 %
Shares of NASDAQ:RUN traded up $0.40 during mid-day trading on Tuesday, reaching $11.37. 10,173,392 shares of the company were exchanged, compared to its average volume of 8,641,270. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The firm's 50-day simple moving average is $10.98 and its 200 day simple moving average is $14.82.
Wall Street Analysts Forecast Growth
Several analysts have commented on RUN shares. Jefferies Financial Group decreased their price objective on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective for the company in a research note on Tuesday. Piper Sandler downgraded Sunrun from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Glj Research reaffirmed a "sell" rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Finally, Barclays lowered their price target on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.31.
Check Out Our Latest Stock Analysis on RUN
Institutional Trading of Sunrun
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC purchased a new stake in Sunrun during the 2nd quarter worth about $314,000. Rhumbline Advisers lifted its position in Sunrun by 25.3% in the second quarter. Rhumbline Advisers now owns 758,512 shares of the energy company's stock valued at $8,996,000 after acquiring an additional 153,007 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company's stock valued at $538,000 after acquiring an additional 691 shares in the last quarter. Arizona State Retirement System increased its position in Sunrun by 2.7% during the second quarter. Arizona State Retirement System now owns 61,475 shares of the energy company's stock worth $729,000 after buying an additional 1,597 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Sunrun in the 2nd quarter valued at $145,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.
About Sunrun
(
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.
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