Sunrun Inc. (NASDAQ:RUN) Insider Sells $22,494.16 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16. Following the completion of the sale, the insider now directly owns 301,389 shares of the company’s stock, valued at approximately $3,369,529.02. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sunrun Stock Down 5.5 %

Shares of RUN opened at $10.75 on Friday. Sunrun Inc. has a 12-month low of $9.01 and a 12-month 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 company has a market capitalization of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. The business’s 50 day moving average is $10.78 and its 200 day moving average is $14.76.

Analysts Set New Price Targets

Several analysts recently commented on RUN shares. The Goldman Sachs Group cut their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Tuesday. BMO Capital Markets lowered their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Truist Financial restated a “hold” rating and set a $12.00 target price (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, UBS Group decreased their price target on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Sunrun presently has an average rating of “Hold” and an average price target of $19.16.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of RUN. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. lifted its stake in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the 3rd quarter valued at about $44,000. Redwood Wealth Management Group LLC purchased a new position in shares of Sunrun during the second quarter valued at about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sunrun during the second quarter valued at about $104,000. 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.