Sunrun (NASDAQ:RUN) Insider Jeanna Steele Sells 9,897 Shares

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 9,897 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $130,541.43. Following the sale, the insider owned 461,715 shares in the company, valued at $6,090,020.85. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sunrun Stock Down 5.9%

Shares of RUN opened at $12.20 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. The business has a fifty day moving average of $13.68 and a 200 day moving average of $15.36. The company has a market cap of $2.91 billion, a PE ratio of 5.73 and a beta of 2.32. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.44.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to the consensus estimate of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, sell-side analysts expect that Sunrun Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its holdings in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Sunrun by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after buying an additional 565 shares during the last quarter. Sage Rhino Capital LLC increased its stake in Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after buying an additional 572 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Sunrun by 62.9% during the 4th quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after buying an additional 669 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RUN shares. Citigroup dropped their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Sunrun in a research note on Friday, May 8th. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Susquehanna reduced their price target on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Finally, Wall Street Zen cut shares of Sunrun from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sunrun currently has an average rating of “Hold” and a consensus price target of $18.87.

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.