Sunrun Inc. (NASDAQ:RUN – Get Free Report) CRO Paul Dickson sold 15,837 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total transaction of $122,895.12. Following the completion of the sale, the executive directly owned 823,702 shares in the company, valued at approximately $6,391,927.52. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sunrun Trading Down 2.1%
NASDAQ RUN traded down $0.16 on Wednesday, reaching $7.61. The company had a trading volume of 13,376,906 shares, compared to its average volume of 9,299,989. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 5.14 and a beta of 2.44. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. Sunrun Inc. has a fifty-two week low of $7.42 and a fifty-two week high of $22.44. The business has a 50 day moving average of $8.97 and a two-hundred day moving average of $11.63.
Sunrun (NASDAQ:RUN – Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. During the same period in the previous year, the business earned $1.07 EPS. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. Analysts forecast that Sunrun Inc. will post 1.19 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Sunrun
Institutional Investors Weigh In On Sunrun
Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after purchasing an additional 165,196 shares in the last quarter. Contour Asset Management LLC bought a new stake in Sunrun during the 4th quarter valued at $98,010,000. Maple Rock Capital Partners Inc. raised its holdings in Sunrun by 23.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock worth $49,433,000 after buying an additional 692,448 shares during the last quarter. Amundi raised its holdings in Sunrun by 3.9% during the second quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after buying an additional 127,878 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Sunrun in the second quarter valued at $29,953,000. Institutional investors own 91.69% of the company’s stock.
About Sunrun
Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.
Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.
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