Mary Powell Sells 2,046 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,046 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.65, for a total value of $13,605.90. Following the completion of the sale, the chief executive officer now owns 565,812 shares of the company’s stock, valued at $3,762,649.80. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 6th, Mary Powell sold 4,350 shares of Sunrun stock. The shares were sold at an average price of $11.18, for a total value of $48,633.00.

Sunrun Price Performance

NASDAQ RUN opened at $7.16 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12-month low of $5.93 and a 12-month high of $22.26. The company has a market capitalization of $1.62 billion, a PE ratio of -3.93 and a beta of 2.84. The firm’s 50 day moving average is $8.95 and its 200-day moving average is $12.63.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after purchasing an additional 1,360 shares during the period. International Assets Investment Management LLC raised its position in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the period. Guggenheim Capital LLC raised its position in shares of Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock valued at $253,000 after purchasing an additional 1,749 shares during the period. Finally, Drive Wealth Management LLC grew its stake in shares of Sunrun by 4.5% in the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after acquiring an additional 1,884 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, December 20th. Truist Financial reissued 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. Jefferies Financial Group reduced their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.51.

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.