Mary Powell Sells 1,766 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 1,766 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.66, for a total value of $20,591.56. Following the completion of the transaction, the chief executive officer now directly owns 567,602 shares of the company’s stock, valued at approximately $6,618,239.32. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, October 7th, Mary Powell sold 6,415 shares of Sunrun stock. The stock was sold at an average price of $16.34, for a total transaction of $104,821.10.
• On Friday, September 6th, Mary Powell sold 3,410 shares of Sunrun stock. The shares were sold at an average price of $18.23, for a total transaction of $62,164.30.

Sunrun Price Performance

NASDAQ:RUN opened at $11.26 on Wednesday. The stock has a market cap of $2.53 billion, a PE ratio of -6.19 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business’s 50-day simple moving average is $13.93 and its two-hundred day simple moving average is $15.40. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RUN shares. Barclays decreased their target price on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. UBS Group reduced their price objective on Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Sunrun in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Sunrun has a consensus rating of “Hold” and an average price target of $19.28.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun in the third quarter worth about $44,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Sunrun in the second quarter worth about $36,000. Finally, CWM LLC boosted its stake in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after buying an additional 3,014 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.