Mary Powell Sells 1,766 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 1,766 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.66, for a total value of $20,591.56. Following the transaction, the chief executive officer now directly owns 567,602 shares in the company, valued at $6,618,239.32. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 7th, Mary Powell sold 6,415 shares of Sunrun stock. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10.
• On Friday, September 6th, Mary Powell sold 3,410 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $62,164.30.

Sunrun Stock Performance

NASDAQ:RUN traded down $0.41 during trading hours on Tuesday, reaching $11.26. The stock had a trading volume of 6,370,068 shares, compared to its average volume of 11,872,725. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a 50 day simple moving average of $13.93 and a 200 day simple moving average of $15.40.

Institutional Investors Weigh In On Sunrun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Sunrun by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 215,836 shares of the energy company’s stock valued at $2,845,000 after purchasing an additional 2,056 shares during the period. Tidal Investments LLC boosted its holdings in shares of Sunrun by 128.3% in the first quarter. Tidal Investments LLC now owns 41,848 shares of the energy company’s stock worth $552,000 after acquiring an additional 23,514 shares during the period. GAMMA Investing LLC grew its position in shares of Sunrun by 233.3% in the second quarter. GAMMA Investing LLC now owns 16,832 shares of the energy company’s stock valued at $200,000 after purchasing an additional 11,782 shares in the last quarter. CWM LLC raised its stake in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares during the period. Finally, Albion Financial Group UT lifted its holdings in Sunrun by 6.9% during the 2nd quarter. Albion Financial Group UT now owns 51,943 shares of the energy company’s stock worth $616,000 after purchasing an additional 3,356 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RUN shares. BNP Paribas cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Friday, November 8th. Barclays reduced their price objective on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. BMO Capital Markets lowered their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group lowered their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.28.

About Sunrun

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.