Insider Selling: Sunrun Inc (NASDAQ:RUN) CAO Sells $138,075.00 in Stock

Sunrun Inc (NASDAQ:RUN) CAO Michelle Philpot sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $18.41, for a total value of $138,075.00. Following the completion of the sale, the chief accounting officer now directly owns 64,197 shares of the company’s stock, valued at $1,181,866.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NASDAQ RUN opened at $15.13 on Thursday. The business’s 50 day simple moving average is $19.04. Sunrun Inc has a 52-week low of $8.81 and a 52-week high of $21.42. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 1.64. The company has a market cap of $1.88 billion, a PE ratio of 65.78, a price-to-earnings-growth ratio of 6.40 and a beta of 0.66.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). Sunrun had a negative return on equity of 1.86% and a negative net margin of 2.84%. The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $198.78 million. During the same period in the previous year, the company posted $0.06 earnings per share. Sunrun’s revenue for the quarter was up 20.0% compared to the same quarter last year. Analysts anticipate that Sunrun Inc will post 0.5 EPS for the current fiscal year.



A number of hedge funds and other institutional investors have recently bought and sold shares of RUN. Norges Bank bought a new stake in Sunrun during the 4th quarter worth approximately $16,863,000. Dimensional Fund Advisors LP boosted its position in Sunrun by 201.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock worth $16,612,000 after acquiring an additional 1,019,554 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Sunrun during the 2nd quarter worth approximately $13,546,000. BlackRock Inc. boosted its position in Sunrun by 10.6% during the 2nd quarter. BlackRock Inc. now owns 7,464,662 shares of the energy company’s stock worth $140,037,000 after acquiring an additional 716,227 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Sunrun by 29.6% during the 2nd quarter. Bank of America Corp DE now owns 1,895,559 shares of the energy company’s stock worth $35,561,000 after acquiring an additional 432,841 shares during the last quarter. 82.07% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on RUN. Barclays began coverage on Sunrun in a research note on Thursday, May 16th. They issued an “overweight” rating and a $21.00 price target for the company. Roth Capital set a $24.00 price target on Sunrun and gave the company a “buy” rating in a research note on Thursday, May 23rd. Bank of America reaffirmed a “buy” rating and issued a $23.50 price target (up from $17.50) on shares of Sunrun in a research note on Thursday, April 25th. Goldman Sachs Group raised Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday, June 17th. Finally, Zacks Investment Research raised Sunrun from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Sunrun has an average rating of “Buy” and a consensus target price of $21.50.

About Sunrun

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, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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