Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 25,614 Shares

Sunrun Inc. (NASDAQ:RUN) CRO Paul Dickson sold 25,614 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $20.00, for a total value of $512,280.00. Following the completion of the sale, the executive owned 655,734 shares in the company, valued at approximately $13,114,680. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sunrun Stock Down 0.2%

RUN opened at $19.11 on Friday. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $20.02. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The stock has a market cap of $4.41 billion, a P/E ratio of -1.65 and a beta of 2.41. The stock’s 50 day moving average price is $14.86 and its 200 day moving average price is $10.45.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating the consensus estimate of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on RUN. Susquehanna raised their target price on Sunrun from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Zacks Research upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. KeyCorp upgraded Sunrun from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upgraded Sunrun from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $16.00 in a research report on Monday, August 18th. Finally, Cowen reiterated a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.60.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after buying an additional 607 shares during the period. Osaic Holdings Inc. boosted its position in shares of Sunrun by 6.3% in the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after buying an additional 1,332 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Sunrun by 12.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock worth $110,000 after buying an additional 1,442 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Sunrun by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock worth $2,195,000 after buying an additional 1,586 shares during the period. Finally, Alterna Wealth Management Inc. boosted its position in shares of Sunrun by 16.6% in the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock worth $71,000 after buying an additional 1,720 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.