Sunrun Inc. (NASDAQ:RUN – Get Free Report) CFO Danny Abajian sold 2,030 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $13.39, for a total value of $27,181.70. Following the sale, the chief financial officer owned 438,781 shares in the company, valued at approximately $5,875,277.59. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Danny Abajian also recently made the following trade(s):
- On Monday, April 6th, Danny Abajian sold 132,953 shares of Sunrun stock. The shares were sold at an average price of $13.25, for a total value of $1,761,627.25.
Sunrun Trading Up 5.5%
Shares of RUN opened at $12.55 on Friday. The business’s 50-day moving average price is $13.60 and its 200-day moving average price is $16.01. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The stock has a market cap of $2.99 billion, a PE ratio of 5.89 and a beta of 2.32. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44.
Analysts Set New Price Targets
Several research analysts recently weighed in on RUN shares. Barclays decreased their price objective on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price objective on shares of Sunrun in a research report on Thursday, May 7th. TD Cowen decreased their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. UBS Group decreased their price objective on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group decreased their price objective on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.48.
Get Our Latest Stock Report on RUN
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after buying an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sunrun in the fourth quarter worth approximately $27,000. Sycomore Asset Management purchased a new stake in Sunrun in the third quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Sunrun in the fourth quarter worth approximately $30,000. 91.69% of the stock is currently owned by institutional investors.
About Sunrun
Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
Further Reading
- Five stocks we like better than Sunrun
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.
