Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 2,046 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.65, for a total value of $13,605.90. Following the sale, the chief executive officer now owns 565,812 shares in the company, valued at $3,762,649.80. The trade was a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Mary Powell also recently made the following trade(s):
- On Monday, January 6th, Mary Powell sold 4,350 shares of Sunrun stock. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00.
Sunrun Stock Up 4.2 %
RUN traded up $0.29 during trading on Friday, reaching $7.16. The company had a trading volume of 15,127,162 shares, compared to its average volume of 11,094,926. The company has a market cap of $1.62 billion, a P/E ratio of -3.93 and a beta of 2.84. Sunrun Inc. has a 12 month low of $5.93 and a 12 month high of $22.26. 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 business's fifty day moving average price is $8.95 and its 200 day moving average price is $12.63.
Institutional Trading of Sunrun
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sylebra Capital LLC raised its position in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after buying an additional 3,699,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sunrun by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 52,176 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Sunrun by 76.9% in the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company's stock worth $187,000 after purchasing an additional 8,792 shares in the last quarter. Teza Capital Management LLC boosted its holdings in Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company's stock worth $413,000 after purchasing an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Sunrun in the fourth quarter valued at $2,363,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Piper Sandler lowered shares of Sunrun from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. JPMorgan Chase & Co. dropped their target price on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. BNP Paribas upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of Sunrun to a "sell" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.51.
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About Sunrun
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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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