Sunrun Inc. (NASDAQ:RUN) COO Christopher Dawson sold 9,824 shares of the company’s stock in a transaction dated Tuesday, June 15th. The shares were sold at an average price of $43.63, for a total value of $428,621.12. Following the sale, the chief operating officer now owns 113,439 shares in the company, valued at $4,949,343.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christopher Dawson also recently made the following trade(s):
- On Thursday, June 17th, Christopher Dawson sold 1,338 shares of Sunrun stock. The shares were sold at an average price of $51.57, for a total value of $69,000.66.
- On Monday, March 22nd, Christopher Dawson sold 5,294 shares of Sunrun stock. The shares were sold at an average price of $56.84, for a total value of $300,910.96.
RUN opened at $52.03 on Friday. The business has a fifty day moving average price of $46.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.59. The company has a market capitalization of $10.61 billion, a P/E ratio of -60.76 and a beta of 2.07. Sunrun Inc. has a 12-month low of $18.43 and a 12-month high of $100.93.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 5th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The firm had revenue of $334.79 million during the quarter, compared to the consensus estimate of $313.42 million. Sunrun had a negative return on equity of 0.21% and a negative net margin of 16.17%. On average, sell-side analysts predict that Sunrun Inc. will post -0.16 EPS for the current fiscal year.
Several research analysts recently weighed in on RUN shares. The Goldman Sachs Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Monday, March 22nd. Susquehanna Bancshares initiated coverage on Sunrun in a research note on Monday, March 22nd. They issued a “positive” rating and a $75.00 target price for the company. Capital One Financial raised Sunrun from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $73.00 to $90.00 in a research note on Monday, March 1st. KeyCorp cut their target price on Sunrun from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, May 18th. Finally, TheStreet lowered Sunrun from a “c-” rating to a “d” rating in a research note on Friday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Sunrun has an average rating of “Buy” and an average target price of $79.45.
A number of institutional investors and hedge funds have recently bought and sold shares of RUN. Amundi Pioneer Asset Management Inc. bought a new position in shares of Sunrun during the first quarter valued at $732,000. OLD Mission Capital LLC bought a new position in shares of Sunrun during the third quarter valued at $858,000. Treasurer of the State of North Carolina bought a new position in shares of Sunrun during the fourth quarter valued at $207,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Sunrun by 29.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 75,197 shares of the energy company’s stock valued at $5,217,000 after acquiring an additional 17,310 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Sunrun by 3,528.6% during the fourth quarter. State of Wisconsin Investment Board now owns 177,801 shares of the energy company’s stock valued at $12,336,000 after acquiring an additional 172,901 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.
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