Sunrun Inc. (NASDAQ:RUN) CEO Sells $13,605.90 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,046 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.65, for a total value of $13,605.90. Following the completion of the sale, the chief executive officer now directly owns 565,812 shares of the company’s stock, valued at $3,762,649.80. This represents a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mary Powell also recently made the following trade(s):

• On Monday, January 6th, Mary Powell sold 4,350 shares of Sunrun stock. The stock was sold at an average price of $11.18, for a total value of $48,633.00.

Sunrun Price Performance

Sunrun stock opened at $7.16 on Monday. 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 company has a market capitalization of $1.62 billion, a PE ratio of -3.93 and a beta of 2.84. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26. The business has a 50 day simple moving average of $8.95 and a 200 day simple moving average of $12.59.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Sunrun during the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun during the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. increased its holdings in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Sunrun during the 4th quarter valued at $53,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Truist Financial reissued a “hold” rating and set a $9.00 price objective (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, December 20th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Royal Bank of Canada cut their price objective on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.51.

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.