Michael Meyers Buys 810,000 Shares of Sunrun Inc. (TSE:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Michael Meyers acquired 810,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $0.02 per share, for a total transaction of $16,200.00.

Michael Meyers also recently made the following trade(s):

  • On Friday, November 3rd, Michael Meyers sold 100,000 shares of Sunrun stock. The stock was sold at an average price of $0.03, for a total value of $3,000.00.
  • On Tuesday, October 24th, Michael Meyers sold 5,000 shares of Sunrun stock. The stock was sold at an average price of $0.02, for a total value of $100.00.
  • On Tuesday, September 5th, Michael Meyers bought 59,000 shares of Sunrun stock. The shares were bought at an average price of $0.02 per share, with a total value of $1,180.00.
  • On Wednesday, September 6th, Michael Meyers purchased 90,000 shares of Sunrun stock. The shares were acquired at an average cost of $0.02 per share, with a total value of $1,800.00.
  • On Wednesday, August 23rd, Michael Meyers bought 253,000 shares of Sunrun stock. The stock was purchased at an average cost of $0.02 per share, with a total value of $5,060.00.
  • On Friday, August 25th, Michael Meyers bought 15,000 shares of Sunrun stock. The stock was purchased at an average cost of $0.02 per share, with a total value of $300.00.
  • On Monday, August 21st, Michael Meyers acquired 1,000 shares of Sunrun stock. The shares were bought at an average cost of $0.02 per share, with a total value of $20.00.
  • On Friday, August 18th, Michael Meyers acquired 20,000 shares of Sunrun stock. The shares were bought at an average cost of $0.02 per share, with a total value of $400.00.
  • On Wednesday, August 9th, Michael Meyers bought 7,000 shares of Sunrun stock. The shares were acquired at an average price of $0.03 per share, for a total transaction of $210.00.

Shares of Sunrun Inc. (NASDAQ:RUN) opened at $6.17 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.72. Sunrun Inc. has a one year low of $4.21 and a one year high of $7.78. The stock has a market cap of $648.20, a P/E ratio of 6.98 and a beta of -0.68.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. The business had revenue of $141.29 million during the quarter, compared to analyst estimates of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. Sunrun’s revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. research analysts expect that Sunrun Inc. will post 0.64 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Sunrun by 0.8% during the 2nd quarter. FMR LLC now owns 15,816,308 shares of the energy company’s stock worth $112,612,000 after acquiring an additional 125,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock worth $41,677,000 after acquiring an additional 369,721 shares during the last quarter. Quentec Asset Management LLC lifted its holdings in shares of Sunrun by 1.6% during the 2nd quarter. Quentec Asset Management LLC now owns 5,216,058 shares of the energy company’s stock worth $37,139,000 after acquiring an additional 82,693 shares during the last quarter. State Street Corp lifted its holdings in shares of Sunrun by 22.7% during the 2nd quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock worth $11,596,000 after acquiring an additional 300,923 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its holdings in shares of Sunrun by 136.7% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after acquiring an additional 796,912 shares during the last quarter. 74.89% of the stock is owned by institutional investors.

RUN has been the topic of several research reports. ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Friday, October 13th. Bank of America Corporation started coverage on Sunrun in a research note on Monday, November 6th. They set a “buy” rating for the company. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $10.00 target price on shares of Sunrun in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Sunrun currently has an average rating of “Buy” and an average target price of $7.88.

About Sunrun

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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

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