Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 4,869 Shares

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 4,869 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the sale, the chief financial officer now owns 269,393 shares of the company’s stock, valued at approximately $4,404,575.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Danny Abajian also recently made the following trade(s):

• On Friday, September 6th, Danny Abajian sold 2,141 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $39,030.43.
• On Wednesday, September 4th, Danny Abajian sold 9,694 shares of Sunrun stock. The shares were sold at an average price of $19.75, for a total value of $191,456.50.

Sunrun Trading Up 0.7 %

NASDAQ RUN traded up $0.12 on Monday, reaching $16.64. The company had a trading volume of 5,352,127 shares, compared to its average volume of 12,213,570. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -2.49 and a beta of 2.58. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The business has a 50 day moving average of $18.71 and a two-hundred day moving average of $14.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Analysts forecast that Sunrun Inc. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, September 27th. Piper Sandler boosted their price target on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Oppenheimer boosted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets boosted their price objective on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.39.

Institutional Trading of Sunrun

A number of institutional investors have recently bought and sold shares of RUN. Duncker Streett & Co. Inc. bought a new stake in Sunrun during the second quarter valued at $36,000. BNP Paribas bought a new stake in Sunrun during the first quarter valued at $37,000. CWM LLC boosted its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun during the 2nd quarter worth about $45,000. Finally, Headlands Technologies LLC bought a new position in shares of Sunrun during the 1st quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

About Sunrun

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.