Sunrun Inc. (NASDAQ:RUN) CAO Sells $18,366.17 in Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 2,729 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.73, for a total value of $18,366.17. Following the completion of the sale, the chief accounting officer now directly owns 54,875 shares of the company’s stock, valued at $369,308.75. The trade was a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $6.03 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The firm has a market capitalization of $1.36 billion, a P/E ratio of -3.31 and a beta of 2.74. The company’s fifty day moving average is $7.23 and its two-hundred day moving average is $10.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RUN shares. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. Truist Financial reiterated a “hold” rating and issued a $9.00 price target (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Jefferies Financial Group cut shares of Sunrun from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $8.00 in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Institutional Trading of Sunrun

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

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.