Sunrun Inc (NASDAQ:RUN) General Counsel Jeanna Steele sold 9,407 shares of Sunrun stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $18.32, for a total value of $172,336.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ RUN opened at $18.38 on Thursday. The company has a market capitalization of $2.15 billion, a P/E ratio of 79.91, a price-to-earnings-growth ratio of 3.98 and a beta of 0.51. Sunrun Inc has a 52 week low of $8.81 and a 52 week high of $19.28. The firm’s 50 day moving average price is $16.36. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.15 and a current ratio of 1.37.
Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.43). The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $152.90 million. Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. On average, equities analysts expect that Sunrun Inc will post 0.94 EPS for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Sunrun from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 20th. Bank of America restated a “buy” rating and set a $23.50 price objective (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. Goldman Sachs Group upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, June 17th. Finally, ValuEngine upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.69.
Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $16,863,000. BlackRock Inc. boosted its position in shares of Sunrun by 4.8% during the fourth quarter. BlackRock Inc. now owns 6,725,927 shares of the energy company’s stock valued at $73,246,000 after buying an additional 306,011 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Sunrun by 1,008.2% during the fourth quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock valued at $81,000 after buying an additional 6,735 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Sunrun by 43.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,010 shares of the energy company’s stock valued at $349,000 after buying an additional 9,726 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Sunrun by 7.7% during the fourth quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock valued at $183,000 after buying an additional 1,205 shares during the last quarter. 82.06% of the stock is currently owned by institutional investors.
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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