Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell Sells 31,197 Shares

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 31,197 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $210,267.78. Following the transaction, the chief executive officer now directly owns 534,615 shares in the company, valued at $3,603,305.10. The trade was a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Mary Powell also recently made the following trade(s):

• On Thursday, March 6th, Mary Powell sold 2,046 shares of Sunrun stock. The stock was sold at an average price of $6.65, for a total value of $13,605.90.

Sunrun Stock Down 13.9 %

Shares of RUN stock traded down $0.91 on Tuesday, hitting $5.66. 15,963,499 shares of the stock were exchanged, compared to its average volume of 10,753,628. The business has a 50-day moving average of $7.54 and a 200 day moving average of $10.65. Sunrun Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $22.26. The firm has a market capitalization of $1.28 billion, a P/E ratio of -3.11 and a beta of 2.74. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RUN. State Street Corp boosted its position in Sunrun by 0.6% during the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the last quarter. EP Wealth Advisors LLC raised its position in Sunrun by 3.2% during the third quarter. EP Wealth Advisors LLC now owns 110,073 shares of the energy company’s stock worth $1,988,000 after acquiring an additional 3,388 shares in the last quarter. Zacks Investment Management bought a new position in shares of Sunrun in the 3rd quarter valued at about $538,000. XTX Topco Ltd acquired a new position in shares of Sunrun during the 3rd quarter worth about $618,000. Finally, MML Investors Services LLC raised its holdings in shares of Sunrun by 9.3% in the 3rd quarter. MML Investors Services LLC now owns 43,313 shares of the energy company’s stock valued at $782,000 after purchasing an additional 3,689 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RUN. Roth Capital set a $20.00 target price on Sunrun in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Truist Financial reiterated a “hold” rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Finally, TD Cowen reduced their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.