Sunrun Inc. (NASDAQ:RUN) CRO Sells $33,182.24 in Stock

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 stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sunrun Stock Performance

Sunrun stock opened at $10.75 on Friday. The company’s 50-day moving average price is $10.78 and its 200-day moving average price is $14.76. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. Sunrun Inc. has a twelve month low of $9.01 and a twelve month high of $22.26.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after purchasing an additional 367,835 shares during the last quarter. Erste Asset Management GmbH purchased a new position in Sunrun during the third quarter worth $76,152,000. Symmetry Investments LP bought a new position in Sunrun during the second quarter valued at $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Sunrun in the 3rd quarter worth about $955,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RUN. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Oppenheimer dropped their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets decreased their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.16.

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.