Sunrun Inc. (NASDAQ:RUN) Insider Jeanna Steele Sells 2,012 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $22,494.16. Following the completion of the transaction, the insider now directly owns 301,389 shares of the company’s stock, valued at $3,369,529.02. This represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sunrun Trading Up 3.6 %

Shares of NASDAQ:RUN opened at $11.37 on Wednesday. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.26. 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 $2.55 billion, a PE ratio of -6.25 and a beta of 2.58. The company’s 50-day moving average price is $10.92 and its 200 day moving average price is $14.81.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently made changes to their positions in RUN. Greenvale Capital LLP grew its position in Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after buying an additional 2,000,000 shares in the last quarter. State Street Corp boosted its holdings in shares of Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after acquiring an additional 54,329 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sunrun by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Sunrun during the 3rd quarter valued at $76,152,000. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RUN shares. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Glj Research reaffirmed a “sell” rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. Roth Mkm decreased their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group cut their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.31.

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.