Sunrun Inc. (NASDAQ:RUN) CRO Sells $33,182.24 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sunrun Trading Down 5.5 %

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

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Greenvale Capital LLP grew its stake in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares during the last quarter. State Street Corp lifted its holdings 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 worth $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $96,019,000 after buying an additional 30,549 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sunrun by 20.0% in the 2nd 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 purchased a new position in Sunrun during the 3rd quarter worth approximately $76,152,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. The Goldman Sachs Group reduced their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, TD Cowen initiated coverage on Sunrun in a research note on Thursday, December 19th. They set a “buy” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun has an average rating of “Hold” and an average target price of $19.16.

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.