Maria Barak Sells 1,747 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) CAO Maria Barak sold 1,747 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.17, for a total transaction of $23,007.99. Following the transaction, the chief accounting officer owned 93,311 shares in the company, valued at approximately $1,228,905.87. The trade was a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Maria Barak also recently made the following trade(s):

  • On Thursday, April 9th, Maria Barak sold 8,039 shares of Sunrun stock. The shares were sold at an average price of $13.67, for a total value of $109,893.13.

Sunrun Trading Down 1.6%

Sunrun stock opened at $12.01 on Thursday. The business has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $15.32. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 5.64 and a beta of 2.32. Sunrun Inc. has a 12 month low of $9.01 and a 12 month high of $22.44.

Sunrun (NASDAQ:RUNGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.Sunrun’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. As a group, equities analysts forecast that Sunrun Inc. will post 1.09 EPS for the current year.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB boosted its stake in Sunrun by 6.7% in the fourth quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock worth $42,592,000 after purchasing an additional 145,285 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Sunrun by 33.1% during the fourth quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock worth $5,973,000 after purchasing an additional 80,695 shares during the last quarter. LBP AM SA acquired a new stake in shares of Sunrun in the fourth quarter valued at $3,307,000. Lingotto Investment Management LLP acquired a new stake in shares of Sunrun in the fourth quarter valued at $4,480,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Sunrun in the fourth quarter valued at about $2,760,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RUN. TD Cowen reduced their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings raised shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price target on shares of Sunrun in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 price target on shares of Sunrun in a research note on Friday, May 8th. Finally, Glj Research reaffirmed a “sell” rating on shares of Sunrun in a report on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.87.

Get Our Latest Stock Report on RUN

Sunrun Company Profile

(Get Free Report)

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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