Edward Harris Fenster Sells 172,920 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $10.33 on Wednesday. The company has a market capitalization of $2.27 billion, a PE ratio of -1.40 and a beta of 2.46. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average price is $12.67 and its 200-day moving average price is $13.21. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). The business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. On average, equities analysts anticipate that Sunrun Inc. will post -1.69 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on RUN shares. Truist Financial restated a “hold” rating and set a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. Mizuho boosted their price target on shares of Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. Piper Sandler reduced their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, Susquehanna restated a “positive” rating and issued a $25.00 target price on shares of Sunrun in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.53.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in Sunrun during the third quarter worth about $26,000. C M Bidwell & Associates Ltd. raised its stake in shares of Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,211 shares during the period. Fifth Third Bancorp raised its stake in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the period. Versant Capital Management Inc lifted its holdings in Sunrun by 149.7% during the 4th 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 in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Sunrun by 69.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after purchasing an additional 1,375 shares during the period. 91.69% of the stock is currently owned by institutional investors.

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.