Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $5.45 and last traded at $5.79, with a volume of 2386868 shares trading hands. The stock had previously closed at $5.67.
Specifically, CFO Danny Abajian sold 16,927 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the sale, the chief financial officer now owns 231,279 shares of the company's stock, valued at approximately $1,558,820.46. This trade represents a 6.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 31,197 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now directly owns 534,615 shares of the company's stock, valued at approximately $3,603,305.10. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the sale, the insider now owns 291,238 shares of the company's stock, valued at $1,962,944.12. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Wall Street Analyst Weigh In
RUN has been the topic of several research analyst reports. StockNews.com upgraded shares of Sunrun to a "sell" rating in a report on Friday, December 20th. Royal Bank of Canada cut their price objective on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Jefferies Financial Group cut Sunrun from a "buy" rating to a "hold" rating and lowered their target price for the stock from $14.00 to $8.00 in a report on Wednesday, March 12th. The Goldman Sachs Group cut their price target on Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.58.
Read Our Latest Research Report on RUN
Sunrun Stock Up 8.6 %
The firm has a market cap of $1.55 billion, a P/E ratio of -3.75 and a beta of 2.74. The firm's fifty day moving average is $7.17 and its 200 day moving average is $10.18. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.
Institutional Investors Weigh In On Sunrun
A number of institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its holdings in Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after buying an additional 10,294,947 shares in the last quarter. Greenvale Capital LLP increased its position in Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after acquiring an additional 4,516,793 shares during the period. Sylebra Capital LLC raised its stake in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after purchasing an additional 3,699,405 shares in the last quarter. Norges Bank acquired a new position in shares of Sunrun during the 4th quarter worth approximately $31,022,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Sunrun during the fourth quarter worth approximately $18,500,000. Institutional investors own 91.69% of the company's stock.
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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