Jeanna Steele Sells 2,012 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16. Following the sale, the insider now owns 301,389 shares of the company’s stock, valued at $3,369,529.02. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sunrun Trading Down 5.5 %

NASDAQ:RUN opened at $10.75 on Thursday. The company has a market capitalization of $2.41 billion, a P/E ratio of -5.91 and a beta of 2.58. The stock’s 50 day moving average price is $10.86 and its 200 day moving average price is $14.78. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RUN. Principal Financial Group Inc. boosted its holdings in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Sunrun during the 3rd quarter valued at approximately $76,152,000. Symmetry Investments LP acquired a new stake in Sunrun in the 2nd quarter valued at approximately $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Sunrun during the third quarter worth approximately $955,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the subject of several research reports. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer dropped their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Glj Research reaffirmed a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. Roth Mkm dropped their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Barclays reduced their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.16.

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.