Sunrun Inc. (NASDAQ:RUN) CEO Sells $13,605.90 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,046 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.65, for a total value of $13,605.90. Following the completion of the transaction, the chief executive officer now owns 565,812 shares of the company’s stock, valued at approximately $3,762,649.80. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $11.18, for a total value of $48,633.00.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $7.16 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of -3.93 and a beta of 2.59. 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 one year low of $5.93 and a one year high of $22.26. The business’s 50-day simple moving average is $9.01 and its 200 day simple moving average is $12.77.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its holdings in Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after purchasing an additional 10,294,947 shares during the last quarter. Greenvale Capital LLP increased its holdings in Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Sunrun during the 3rd quarter worth approximately $76,152,000. Sylebra Capital LLC increased its holdings in Sunrun by 124.0% during 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of Sunrun in the 4th quarter valued at approximately $31,022,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on RUN. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, December 20th. Truist Financial reaffirmed a “hold” rating and set a $9.00 price objective (down previously from $12.00) on shares of Sunrun in a research note on Monday, March 3rd. Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Roth Mkm decreased their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.51.

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.