Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell Sells 31,197 Shares

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 31,197 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $210,267.78. Following the sale, the chief executive officer now owns 534,615 shares in the company, valued at $3,603,305.10. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, March 6th, Mary Powell sold 2,046 shares of Sunrun stock. The shares were sold at an average price of $6.65, for a total transaction of $13,605.90.

Sunrun Stock Down 13.9 %

Shares of NASDAQ RUN traded down $0.91 during mid-day trading on Tuesday, reaching $5.66. The company had a trading volume of 15,963,499 shares, compared to its average volume of 10,753,628. Sunrun Inc. has a 52-week low of $5.55 and a 52-week high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.28 billion, a P/E ratio of -3.11 and a beta of 2.74. The firm has a 50 day simple moving average of $7.54 and a two-hundred day simple moving average of $10.65.

Institutional Trading of Sunrun

A number of hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun in the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. increased its holdings in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after buying an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the 3rd quarter worth approximately $44,000. Summit Securities Group LLC purchased a new stake in shares of Sunrun in the 4th quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Sunrun in the 4th quarter valued at about $56,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen dropped their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada dropped their target price on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.20.

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.