Mary Powell Sells 2,046 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 2,046 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.65, for a total transaction of $13,605.90. Following the sale, the chief executive officer now owns 565,812 shares in the company, valued at $3,762,649.80. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mary Powell also recently made the following trade(s):

• On Monday, January 6th, Mary Powell sold 4,350 shares of Sunrun stock. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00.

Sunrun Price Performance

Shares of Sunrun stock opened at $7.16 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -3.93 and a beta of 2.84. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a 50 day moving average price of $8.95 and a 200-day moving average price of $12.63. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26.

Analyst Ratings Changes

Several research firms have issued reports on RUN. The Goldman Sachs Group lowered their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada lowered their price target on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.51.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the 3rd quarter valued at about $44,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the fourth quarter worth about $29,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Sunrun in the fourth quarter worth about $53,000. 91.69% of the stock is owned by institutional investors.

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.