Jeanna Steele Sells 2,012 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16. Following the completion of the sale, the insider now owns 301,389 shares in the company, valued at $3,369,529.02. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sunrun Stock Performance

NASDAQ RUN opened at $11.37 on Wednesday. The company’s fifty day moving average is $10.92 and its two-hundred day moving average is $14.81. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58.

Wall Street Analyst Weigh In

RUN has been the subject of a number of recent research reports. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Susquehanna reduced their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their target price on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.31.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the company. Greenvale Capital LLP lifted its position in shares of Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares during the period. State Street Corp boosted its stake in shares of Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Sunrun during the 3rd quarter valued at about $76,152,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Company Profile

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.