Sunrun (NASDAQ:RUN) CFO Sells $35,704.53 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 2,007 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $17.79, for a total transaction of $35,704.53. Following the completion of the sale, the chief financial officer owned 414,699 shares of the company’s stock, valued at $7,377,495.21. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Danny Abajian also recently made the following trade(s):

• On Monday, October 6th, Danny Abajian sold 9,055 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total transaction of $175,214.25.

Sunrun Stock Performance

Shares of RUN opened at $17.93 on Friday. The company has a market capitalization of $4.16 billion, a PE ratio of -1.60 and a beta of 2.35. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company’s fifty day moving average price is $19.28 and its 200 day moving average price is $14.54.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.37) earnings per share. As a group, analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

RUN has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on Sunrun from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Guggenheim raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and an average price target of $19.58.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RUN. PGGM Investments increased its holdings in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after buying an additional 5,325,332 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in Sunrun by 95.6% in the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the period. Voloridge Investment Management LLC bought a new stake in Sunrun during the 3rd quarter worth about $40,193,000. Robeco Schweiz AG bought a new stake in Sunrun during the 3rd quarter worth about $36,969,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Sunrun by 132.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock valued at $48,777,000 after purchasing an additional 1,609,803 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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.