Christopher Dawson Sells 8,190 Shares of Sunrun Inc (NASDAQ:RUN) Stock

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Sunrun Inc (NASDAQ:RUN) COO Christopher Dawson sold 8,190 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $17.41, for a total transaction of $142,587.90. Following the completion of the sale, the chief operating officer now owns 277,542 shares in the company, valued at approximately $4,832,006.22. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Christopher Dawson also recently made the following trade(s):

  • On Thursday, July 18th, Christopher Dawson sold 8,190 shares of Sunrun stock. The shares were sold at an average price of $20.04, for a total transaction of $164,127.60.

RUN traded up $0.21 on Thursday, hitting $17.59. 205,637 shares of the company’s stock were exchanged, compared to its average volume of 1,366,276. The firm has a market cap of $1.94 billion, a PE ratio of 76.46, a P/E/G ratio of 6.58 and a beta of 0.75. Sunrun Inc has a twelve month low of $8.81 and a twelve month high of $21.42. The stock has a fifty day moving average of $16.24 and a two-hundred day moving average of $16.53. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 1.68.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.18). The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $198.78 million. Sunrun had a negative return on equity of 1.89% and a negative net margin of 2.84%. Sunrun’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, analysts predict that Sunrun Inc will post 0.5 EPS for the current year.

RUN has been the topic of a number of recent analyst reports. Goldman Sachs Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday, June 17th. KeyCorp initiated coverage on shares of Sunrun in a research note on Monday, August 19th. They issued an “overweight” rating and a $19.00 target price on the stock. Roth Capital set a $24.00 target price on shares of Sunrun and gave the company a “buy” rating in a research note on Thursday, May 23rd. BidaskClub upgraded shares of Sunrun from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.36.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BSW Wealth Partners acquired a new stake in Sunrun during the second quarter worth about $114,000. Hershey Trust Co. acquired a new stake in Sunrun during the second quarter worth about $126,000. Commonwealth Equity Services LLC acquired a new stake in Sunrun during the second quarter worth about $224,000. Rehmann Capital Advisory Group raised its stake in Sunrun by 222.9% during the first quarter. Rehmann Capital Advisory Group now owns 12,235 shares of the energy company’s stock worth $172,000 after acquiring an additional 8,446 shares during the period. Finally, Bank of Montreal Can raised its stake in Sunrun by 301.5% during the second quarter. Bank of Montreal Can now owns 12,977 shares of the energy company’s stock worth $243,000 after acquiring an additional 9,745 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

About Sunrun

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, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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