Maria Barak Sells 3,278 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 3,278 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $12.17, for a total value of $39,893.26. Following the transaction, the chief accounting officer owned 90,033 shares of the company’s stock, valued at $1,095,701.61. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maria Barak also recently made the following trade(s):

• On Monday, July 6th, Maria Barak sold 1,747 shares of Sunrun stock. The shares were sold at an average price of $13.17, for a total transaction of $23,007.99.

Sunrun Price Performance

Shares of RUN opened at $12.47 on Friday. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.44. The firm’s 50 day moving average price is $13.66 and its 200 day moving average price is $15.26. The company has a market cap of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44.

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

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings in Sunrun by 26.3% in the first quarter. Empowered Funds LLC now owns 20,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 4,342 shares during the period. Bank of America Corp DE boosted its holdings in Sunrun by 74.7% during the first quarter. Bank of America Corp DE now owns 2,054,524 shares of the energy company’s stock worth $27,859,000 after buying an additional 878,319 shares in the last quarter. Amundi grew its position in Sunrun by 56.3% in the first quarter. Amundi now owns 3,300,626 shares of the energy company’s stock worth $44,798,000 after buying an additional 1,188,564 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Sunrun by 22.4% during the 1st quarter. California State Teachers Retirement System now owns 267,162 shares of the energy company’s stock valued at $3,623,000 after acquiring an additional 48,965 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Sunrun by 3.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 149,359 shares of the energy company’s stock worth $2,025,000 after acquiring an additional 5,545 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RUN shares. Weiss Ratings raised shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. TD Cowen reduced their price target on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Sunrun in a research report on Thursday, May 7th. Susquehanna decreased their price target on Sunrun from $19.00 to $18.00 and set a “positive” rating for the company in a report on Friday. Finally, Wall Street Zen cut shares of Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.81.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI data center pilot that could let homeowners’ solar and battery systems support edge computing, creating a new business line beyond its core residential solar model. Article Title
• Positive Sentiment: Trading activity showed unusually heavy call option buying, suggesting some investors are betting the AI-related announcement could drive more upside in RUN. Article Title
• Positive Sentiment: Susquehanna trimmed its price target to $18 from $19 but kept a positive rating, which still implies meaningful upside from current levels. Article Title
• Neutral Sentiment: Media coverage around the AI data-center pilot has kept Sunrun in the spotlight, but some reports noted the news has not yet translated into a full stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged 10b5-1 transaction, adding to recent insider selling that may weigh on sentiment. Article Title
• Negative Sentiment: Glj Research reaffirmed a sell rating and set a $4.63 target, a sharply bearish call that signals substantial downside risk in the eyes of that firm. Article Title

Sunrun Company Profile

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.