Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 20,426 Shares

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 20,426 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $19.35, for a total transaction of $395,243.10. Following the transaction, the insider directly owned 393,267 shares of the company’s stock, valued at approximately $7,609,716.45. This represents a 4.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jeanna Steele also recently made the following trade(s):

• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total transaction of $24,260.69.
• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The shares were sold at an average price of $16.75, for a total transaction of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The shares were sold at an average price of $16.25, for a total transaction of $283,026.25.
• On Monday, July 7th, Jeanna Steele sold 3,668 shares of Sunrun stock. The shares were sold at an average price of $10.80, for a total transaction of $39,614.40.

Sunrun Price Performance

RUN stock opened at $19.11 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. Sunrun Inc. has a one year low of $5.38 and a one year high of $20.02. The stock has a market cap of $4.41 billion, a PE ratio of -1.65 and a beta of 2.41. The firm has a 50 day simple moving average of $14.86 and a two-hundred day simple moving average of $10.45.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business had revenue of $569.34 million during the quarter, compared to analysts’ expectations of $555.42 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently made changes to their positions in the business. Sylebra Capital LLC boosted its stake in shares of Sunrun by 23.8% in the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after purchasing an additional 1,590,169 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Sunrun by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after buying an additional 3,974,464 shares during the last quarter. PGGM Investments raised its holdings in Sunrun by 316.6% during the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after buying an additional 5,325,332 shares during the last quarter. Erste Asset Management GmbH raised its holdings in Sunrun by 5.5% during the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock valued at $30,044,000 after buying an additional 264,024 shares during the last quarter. Finally, Amundi raised its holdings in Sunrun by 12.1% during the 1st quarter. Amundi now owns 3,479,021 shares of the energy company’s stock valued at $20,686,000 after buying an additional 374,594 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

RUN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday. Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company boosted their price target on shares of Sunrun from $8.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Susquehanna upped their price objective on shares of Sunrun from $12.00 to $13.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus target price of $15.60.

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.