Sunrun Inc. (NASDAQ:RUN) Director Sells $710,317.86 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 44,646 shares of Sunrun stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total value of $710,317.86. Following the completion of the sale, the director now directly owns 1,207,423 shares of the company’s stock, valued at approximately $19,210,099.93. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Edward Harris Fenster also recently made the following trade(s):

• On Friday, May 31st, Edward Harris Fenster sold 9,248 shares of Sunrun stock. The stock was sold at an average price of $15.00, for a total value of $138,720.00.
• On Thursday, April 11th, Edward Harris Fenster sold 172,920 shares of Sunrun stock. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00.

Sunrun Price Performance

Shares of Sunrun stock opened at $13.26 on Monday. The stock’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $13.66. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -1.99 and a beta of 2.65. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The business had revenue of $458.20 million for the quarter, compared to the consensus estimate of $471.38 million. During the same period in the previous year, the business earned ($1.12) earnings per share. The business’s revenue was down 22.3% on a year-over-year basis. As a group, analysts expect that Sunrun Inc. will post -1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Large investors have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. lifted its position in shares of Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. BNP Paribas bought a new stake in shares of Sunrun in the first quarter worth about $37,000. Finally, USCF Advisers LLC increased its holdings in shares of Sunrun by 130.0% in the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after purchasing an additional 1,300 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer reissued an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Morgan Stanley lifted their price objective on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group cut their price objective on Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Truist Financial reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. Finally, Susquehanna cut their price objective on Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

About Sunrun

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.