Michelle Philpot Sells 400 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Rating) CAO Michelle Philpot sold 400 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $37.04, for a total value of $14,816.00. Following the completion of the sale, the chief accounting officer now directly owns 30,348 shares in the company, valued at $1,124,089.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michelle Philpot also recently made the following trade(s):

  • On Thursday, September 15th, Michelle Philpot sold 470 shares of Sunrun stock. The stock was sold at an average price of $37.36, for a total value of $17,559.20.
  • On Tuesday, September 6th, Michelle Philpot sold 111 shares of Sunrun stock. The stock was sold at an average price of $32.86, for a total value of $3,647.46.

Sunrun Stock Performance

Shares of RUN opened at $34.42 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $27.82. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of -61.46 and a beta of 2.26. Sunrun Inc. has a 52 week low of $16.80 and a 52 week high of $60.60.

Sunrun (NASDAQ:RUNGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The energy company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $584.58 million during the quarter, compared to analysts’ expectations of $485.04 million. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. On average, analysts expect that Sunrun Inc. will post -0.72 EPS for the current year.

Institutional Trading of Sunrun

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Sunrun by 14.8% during the fourth quarter. BlackRock Inc. now owns 29,631,513 shares of the energy company’s stock worth $1,016,363,000 after purchasing an additional 3,814,952 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Sunrun by 0.3% during the first quarter. Vanguard Group Inc. now owns 17,996,518 shares of the energy company’s stock worth $546,554,000 after purchasing an additional 55,863 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Sunrun by 0.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,059,018 shares of the energy company’s stock worth $188,259,000 after purchasing an additional 36,369 shares in the last quarter. State Street Corp grew its position in shares of Sunrun by 3.8% during the fourth quarter. State Street Corp now owns 6,644,379 shares of the energy company’s stock worth $227,902,000 after purchasing an additional 244,354 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Sunrun by 20.5% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,181,565 shares of the energy company’s stock worth $144,401,000 after purchasing an additional 1,052,421 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RUN shares. Barclays started coverage on Sunrun in a report on Friday, August 5th. They set an “overweight” rating and a $46.00 price target on the stock. Wells Fargo & Company started coverage on Sunrun in a report on Wednesday, June 29th. They set an “equal weight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Sunrun from $52.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Piper Sandler upped their price target on Sunrun from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, BMO Capital Markets upped their price target on Sunrun from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.47.

Sunrun Company Profile

(Get Rating)

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

Further Reading

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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