Paul S. Dickson Sells 2,968 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Sunrun Price Performance

RUN stock opened at $10.75 on Thursday. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The firm has a market capitalization of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. 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 business has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $14.78.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RUN shares. Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. TD Cowen initiated coverage on shares of Sunrun in a research note on Thursday, December 19th. They set a “buy” rating and a $21.00 target price on the stock. BMO Capital Markets cut their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Morgan Stanley lowered their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Finally, The Goldman Sachs Group dropped their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.16.

Institutional Trading of Sunrun

Several large investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC acquired a new position in shares of Sunrun during the 2nd quarter valued at about $314,000. Rhumbline Advisers raised its stake in Sunrun by 25.3% during the second quarter. Rhumbline Advisers now owns 758,512 shares of the energy company’s stock worth $8,996,000 after purchasing an additional 153,007 shares during the period. Victory Capital Management Inc. boosted its holdings in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after purchasing an additional 691 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Sunrun by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock valued at $729,000 after buying an additional 1,597 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Sunrun during the 2nd quarter worth approximately $145,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.