Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells 172,920 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction 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 sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunrun Trading Up 5.0 %

NASDAQ RUN opened at $10.85 on Thursday. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The stock’s 50 day moving average price is $12.58 and its two-hundred day moving average price is $13.19. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -1.47 and a beta of 2.46.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Sunrun in a research note on Thursday, February 22nd. BMO Capital Markets upped their target price on shares of Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Janney Montgomery Scott cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. KeyCorp reissued a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. Finally, Susquehanna reaffirmed a “positive” rating and set a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.53.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in Sunrun by 6.2% during the third quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock valued at $204,000 after purchasing an additional 431 shares during the last quarter. Koss Olinger Consulting LLC increased its position in shares of Sunrun by 6.4% during the 1st quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company’s stock worth $210,000 after purchasing an additional 628 shares during the last quarter. Delphia USA Inc. raised its stake in shares of Sunrun by 4.3% during the 4th quarter. Delphia USA Inc. now owns 16,350 shares of the energy company’s stock worth $393,000 after purchasing an additional 675 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Sunrun by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company’s stock valued at $2,843,000 after buying an additional 812 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Company Profile

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.