Jeanna Steele Sells 319 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Rating) insider Jeanna Steele sold 319 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $32.87, for a total value of $10,485.53. Following the sale, the insider now directly owns 158,026 shares in the company, valued at approximately $5,194,314.62. The sale was disclosed in a document filed with the SEC, which is available at this link.

Jeanna Steele also recently made the following trade(s):

  • On Friday, June 17th, Jeanna Steele sold 750 shares of Sunrun stock. The shares were sold at an average price of $22.47, for a total value of $16,852.50.
  • On Wednesday, June 15th, Jeanna Steele sold 1,458 shares of Sunrun stock. The shares were sold at an average price of $22.62, for a total value of $32,979.96.

Sunrun Trading Up 0.8 %

NASDAQ RUN opened at $38.45 on Friday. The stock has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $27.28. Sunrun Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $60.60. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08.

Sunrun (NASDAQ:RUNGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $584.58 million during the quarter, compared to analyst estimates of $485.04 million. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. As a group, equities research analysts forecast that Sunrun Inc. will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. Envestnet Asset Management Inc. grew its position in shares of Sunrun by 10.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 36,410 shares of the energy company’s stock valued at $1,249,000 after acquiring an additional 3,499 shares during the period. American Century Companies Inc. grew its position in shares of Sunrun by 34.9% during the 4th quarter. American Century Companies Inc. now owns 11,075 shares of the energy company’s stock valued at $380,000 after acquiring an additional 2,863 shares during the period. Bank of America Corp DE grew its position in shares of Sunrun by 12.5% during the 4th quarter. Bank of America Corp DE now owns 718,097 shares of the energy company’s stock valued at $24,631,000 after acquiring an additional 79,532 shares during the period. First Republic Investment Management Inc. grew its position in shares of Sunrun by 53.4% during the 4th quarter. First Republic Investment Management Inc. now owns 24,030 shares of the energy company’s stock valued at $824,000 after acquiring an additional 8,368 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Sunrun by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,758,652 shares of the energy company’s stock valued at $60,318,000 after acquiring an additional 98,306 shares during the period. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on RUN shares. Evercore ISI increased their price objective on Sunrun from $64.00 to $67.00 in a report on Thursday, August 4th. JPMorgan Chase & Co. increased their price objective on Sunrun from $52.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Barclays started coverage on Sunrun in a report on Friday, August 5th. They set an “overweight” rating and a $46.00 price objective for the company. Roth Capital decreased their price objective on Sunrun from $42.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Finally, BMO Capital Markets increased their price objective on Sunrun from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.47.

Sunrun Company Profile

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

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Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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