Sunrun Inc. (NASDAQ:RUN) CRO Sells $10,919.30 in Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 1,642 shares of Sunrun stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.65, for a total transaction of $10,919.30. Following the completion of the transaction, the executive now directly owns 419,072 shares of the company’s stock, valued at $2,786,828.80. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sunrun Stock Performance

RUN opened at $7.16 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of -3.93 and a beta of 2.84. Sunrun Inc. has a 1-year low of $5.93 and a 1-year high of $22.26. The company has a 50 day simple moving average of $8.95 and a two-hundred day simple moving average of $12.63. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently modified their holdings of RUN. Alyeska Investment Group L.P. boosted its position in shares of Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after purchasing an additional 10,294,947 shares during the period. Greenvale Capital LLP boosted its position in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Sunrun during the third quarter worth $76,152,000. Sylebra Capital LLC boosted its position in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after acquiring an additional 3,699,405 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sunrun during the fourth quarter worth $31,022,000. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. BMO Capital Markets decreased their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 3rd. Morgan Stanley decreased their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective 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. Finally, The Goldman Sachs Group decreased their price objective 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.51.

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.