Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson Sells 2,968 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sunrun Stock Up 3.6 %

Shares of RUN stock opened at $11.37 on Wednesday. The firm’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $14.81. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.55 billion, a P/E ratio of -6.25 and a beta of 2.58.

Analyst Ratings Changes

Several research firms recently weighed in on RUN. Wells Fargo & Company reduced their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Barclays decreased their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Glj Research reaffirmed a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and a consensus target price of $19.31.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Sunrun in the 3rd quarter valued at approximately $76,152,000. Symmetry Investments LP bought a new position in shares of Sunrun in the second quarter valued at $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Sunrun during the third quarter worth $955,000. Institutional investors and hedge funds 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.