Sunrun Inc. (NASDAQ:RUN) Director Acquires $543,500.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster purchased 50,000 shares of Sunrun stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the transaction, the director now directly owns 1,408,182 shares of the company’s stock, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 3rd, Edward Harris Fenster purchased 150,000 shares of Sunrun stock. The shares were bought at an average cost of $6.80 per share, for a total transaction of $1,020,000.00.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $12.85 on Friday. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.94 billion, a P/E ratio of -7.06 and a beta of 2.66. The firm’s 50 day moving average is $7.18 and its two-hundred day moving average is $8.98.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter last year, the business earned ($0.40) earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Sunrun during the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. increased its stake in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new position in shares of Sunrun during the fourth quarter valued at approximately $53,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun during the fourth quarter valued at approximately $56,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Sunrun during the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RUN. Susquehanna cut their target price on shares of Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Barclays cut their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Sunrun currently has an average rating of “Hold” and a consensus target price of $14.92.

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.