Sunrun Inc. (NASDAQ:RUN) CEO Sells $48,633.00 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Stock Performance

NASDAQ:RUN opened at $10.75 on Thursday. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.26. The company has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $14.78. 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 company has a market cap of $2.41 billion, a price-to-earnings ratio of -5.91 and a beta of 2.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RUN. Erste Asset Management GmbH purchased a new position in shares of Sunrun in the 3rd quarter valued at about $76,152,000. Sylebra Capital LLC acquired a new stake in Sunrun in the second quarter valued at approximately $35,387,000. Greenvale Capital LLP lifted its stake in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after acquiring an additional 2,000,000 shares during the last quarter. FMR LLC grew its holdings in Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after acquiring an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 valued at $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RUN shares. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. TD Cowen assumed coverage on shares of Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price on the stock. UBS Group dropped their price target on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Finally, Morgan Stanley lowered their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.16.

About Sunrun

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.