Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson Sells 2,968 Shares

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sunrun Stock Down 5.5 %

Sunrun stock opened at $10.75 on Thursday. The stock has a market cap of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock’s fifty day moving average is $10.86 and its two-hundred day moving average is $14.78. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.26.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RUN. Barclays reduced their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday. BMO Capital Markets cut their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Finally, Roth Mkm lowered their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.16.

Institutional Investors Weigh In On Sunrun

Several hedge funds and other institutional investors have recently made changes to their positions in RUN. Victory Capital Management Inc. increased its stake in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after purchasing an additional 691 shares during the last quarter. Creative Planning grew its position in shares of Sunrun by 0.3% in the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after buying an additional 784 shares during the last quarter. Van ECK Associates Corp raised its stake in Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after acquiring an additional 886 shares in the last quarter. United Services Automobile Association lifted its position in Sunrun by 6.3% in the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock valued at $209,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares in the last quarter. Institutional investors and hedge funds 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.