Sunrun Inc. (NASDAQ:RUN) CFO Sells $41,746.12 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sunrun Price Performance

Shares of RUN stock opened at $10.75 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.26. The firm has a market cap of $2.41 billion, a P/E ratio of -5.91 and a beta of 2.58. The business’s 50 day moving average price is $10.78 and its 200-day moving average price is $14.76.

Institutional Trading of Sunrun

Several large investors have recently added to or reduced their stakes in RUN. Greenvale Capital LLP raised its holdings in Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. State Street Corp increased its position in shares of 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 buying an additional 54,329 shares during the period. Geode Capital Management LLC raised its stake in Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after buying an additional 30,549 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after buying an additional 729,633 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in Sunrun during the 3rd quarter valued at approximately $76,152,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RUN shares. BMO Capital Markets lowered their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Barclays lowered their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group reduced their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. UBS Group dropped their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Finally, Morgan Stanley reduced their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.16.

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.