Michelle Philpot Sells 781 Shares of Sunrun Inc (NASDAQ:RUN) Stock

Sunrun Inc (NASDAQ:RUN) CAO Michelle Philpot sold 781 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $16.60, for a total transaction of $12,964.60. Following the sale, the chief accounting officer now directly owns 53,373 shares in the company, valued at approximately $885,991.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michelle Philpot also recently made the following trade(s):

  • On Friday, September 20th, Michelle Philpot sold 1,371 shares of Sunrun stock. The stock was sold at an average price of $17.43, for a total transaction of $23,896.53.
  • On Wednesday, September 11th, Michelle Philpot sold 984 shares of Sunrun stock. The stock was sold at an average price of $15.38, for a total transaction of $15,133.92.
  • On Thursday, August 8th, Michelle Philpot sold 7,500 shares of Sunrun stock. The stock was sold at an average price of $18.41, for a total transaction of $138,075.00.

Shares of RUN stock traded down $0.44 during trading hours on Tuesday, hitting $16.26. The company’s stock had a trading volume of 1,248,244 shares, compared to its average volume of 1,477,955. The company has a 50 day moving average of $15.81 and a 200 day moving average of $16.64. The stock has a market cap of $1.91 billion, a PE ratio of 70.70, a price-to-earnings-growth ratio of 6.46 and a beta of 0.76. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 1.68. Sunrun Inc has a 12-month low of $8.81 and a 12-month high of $21.42.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.18). The business had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $198.78 million. Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. As a group, analysts anticipate that Sunrun Inc will post 0.5 earnings per share for the current fiscal year.

RUN has been the topic of several research analyst reports. Goldman Sachs Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, June 17th. BidaskClub raised shares of Sunrun from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, KeyCorp initiated coverage on shares of Sunrun in a research report on Monday, August 19th. They set an “overweight” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.36.

Several hedge funds have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP purchased a new stake in shares of Sunrun in the 2nd quarter valued at $2,787,000. Rehmann Capital Advisory Group boosted its holdings in shares of Sunrun by 111.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 25,915 shares of the energy company’s stock valued at $486,000 after acquiring an additional 13,680 shares during the last quarter. Natixis purchased a new stake in shares of Sunrun in the 2nd quarter valued at $531,000. Hodges Capital Management Inc. purchased a new stake in shares of Sunrun in the 2nd quarter valued at $1,548,000. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Sunrun by 52.5% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 79,432 shares of the energy company’s stock valued at $6,176,000 after acquiring an additional 27,335 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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