Sunrun Inc (NASDAQ:RUN) CAO Michelle Philpot Sells 984 Shares

Sunrun Inc (NASDAQ:RUN) CAO Michelle Philpot sold 984 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.38, for a total transaction of $15,133.92. Following the completion of the sale, the chief accounting officer now owns 55,713 shares of the company’s stock, valued at approximately $856,865.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, August 8th, Michelle Philpot sold 7,500 shares of Sunrun stock. The shares were sold at an average price of $18.41, for a total transaction of $138,075.00.

RUN traded up $0.13 during midday trading on Friday, reaching $15.96. 762,338 shares of the company’s stock were exchanged, compared to its average volume of 1,431,471. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 69.39, a price-to-earnings-growth ratio of 5.97 and a beta of 0.75. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 1.68. Sunrun Inc has a one year low of $8.81 and a one year high of $21.42. The business has a 50-day simple moving average of $16.46 and a two-hundred day simple moving average of $16.51.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $198.78 million. Sunrun had a negative return on equity of 1.89% and a negative net margin of 2.84%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. As a group, research analysts anticipate that Sunrun Inc will post 0.5 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. KeyCorp assumed coverage on shares of Sunrun in a research note on Monday, August 19th. They issued an “overweight” rating and a $19.00 target price for the company. Zacks Investment Research upgraded shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 10th. 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. Finally, Barclays assumed coverage on shares of Sunrun in a research note on Thursday, May 16th. They issued an “overweight” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.36.

Institutional investors and hedge funds have recently made changes to their positions in the business. BSW Wealth Partners bought a new position in Sunrun during the second quarter worth about $114,000. Hershey Trust Co. acquired a new stake in shares of Sunrun during the second quarter worth approximately $126,000. Commonwealth Equity Services LLC acquired a new stake in shares of Sunrun during the second quarter worth approximately $224,000. Rehmann Capital Advisory Group increased its holdings in shares of 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 buying an additional 8,446 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of 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 buying an additional 9,745 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Sunrun Company Profile

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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