Jeanna Steele Sells 2,012 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 2,012 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $22,494.16. Following the completion of the transaction, the insider now owns 301,389 shares in the company, valued at $3,369,529.02. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sunrun Stock Up 3.6 %

Shares of RUN stock traded up $0.40 during mid-day trading on Tuesday, hitting $11.37. The stock had a trading volume of 10,173,392 shares, compared to its average volume of 8,641,270. The firm has a market capitalization of $2.55 billion, a P/E ratio of -6.25 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.26. The firm’s 50-day moving average is $10.98 and its two-hundred day moving average is $14.82.

Analyst Ratings Changes

Several equities research analysts have recently commented on RUN shares. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Tuesday. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Truist Financial reissued a “hold” rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Oppenheimer dropped their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Barclays lowered their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.31.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RUN. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the 3rd quarter valued at about $44,000. Redwood Wealth Management Group LLC acquired a new position in Sunrun in the 2nd quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Sunrun during the 3rd quarter valued at approximately $135,000. 91.69% of the stock is owned by institutional investors.

Sunrun Company Profile

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.