Sunrun (NASDAQ:RUN) CFO Sells $217,569.05 in Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CFO Danny Abajian sold 16,495 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the sale, the chief financial officer directly owned 420,318 shares of the company's stock, valued at approximately $5,543,994.42. This represents a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 8th, Danny Abajian sold 2,030 shares of Sunrun stock. The shares were sold at an average price of $13.39, for a total transaction of $27,181.70.

Sunrun Stock Performance

NASDAQ:RUN opened at $12.20 on Wednesday. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.44. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.73 and a beta of 2.32. The company's 50-day moving average is $13.68 and its two-hundred day moving average is $15.36. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

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Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to analysts' expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The firm's quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Analysts forecast that Sunrun Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RUN. UBS Group lowered their price objective on shares of Sunrun from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, June 16th. The Goldman Sachs Group restated a "buy" rating and set a $18.00 price target on shares of Sunrun in a research note on Thursday, May 7th. Barclays lowered their price target on Sunrun from $23.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Weiss Ratings raised Sunrun from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 24th. Finally, TD Cowen cut their price objective on Sunrun from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.87.

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Check Out Our Latest Stock Report on RUN

Institutional Trading of Sunrun

A number of large investors have recently modified their holdings of RUN. Royal Bank of Canada raised its stake in shares of Sunrun by 5.1% in the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company's stock valued at $3,672,000 after acquiring an additional 30,175 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Sunrun by 47.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company's stock worth $192,000 after purchasing an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sunrun by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company's stock worth $1,397,000 after purchasing an additional 5,882 shares during the period. Jones Financial Companies Lllp increased its holdings in Sunrun by 511.0% during the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company's stock worth $158,000 after purchasing an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Sunrun by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company's stock valued at $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Sunrun Company Profile

(Get Free Report)

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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