Mary Powell Sells 4,350 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the sale, the chief executive officer now directly owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The shares were sold at an average price of $11.66, for a total transaction of $20,591.56.

Sunrun Stock Performance

NASDAQ:RUN opened at $10.75 on Friday. The stock has a 50-day moving average price of $10.78 and a 200 day moving average price of $14.76. The stock has a market capitalization of $2.41 billion, a P/E ratio of -5.91 and a beta of 2.58. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Analyst Ratings Changes

RUN has been the topic of a number of research analyst reports. Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. UBS Group lowered their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. TD Cowen assumed coverage on Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group cut their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.16.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently added to or reduced their stakes in RUN. Greenvale Capital LLP grew its stake in Sunrun by 20.5% during the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares in the last quarter. State Street Corp grew 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 purchasing an additional 54,329 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 30,549 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Sunrun during the third quarter valued at approximately $76,152,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.