Edward Harris Fenster Sells 4,646 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 4,646 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.01, for a total value of $83,674.46. Following the completion of the sale, the director now owns 1,202,777 shares in the company, valued at approximately $21,662,013.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sunrun Price Performance

Shares of RUN opened at $18.78 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock has a 50 day moving average of $17.91 and a 200 day moving average of $14.09. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. Sunrun’s revenue was down 11.2% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. As a group, analysts expect that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas purchased a new stake in Sunrun in the first quarter worth $37,000. Duncker Streett & Co. Inc. purchased a new stake in Sunrun in the second quarter worth $36,000. Parallel Advisors LLC increased its position in Sunrun by 91.4% in the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after buying an additional 1,513 shares during the last quarter. Manchester Capital Management LLC increased its position in Sunrun by 41.9% in the fourth quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after buying an additional 938 shares during the last quarter. Finally, CWM LLC increased its position in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. UBS Group upped their target price on Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna upped their target price on Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Finally, Truist Financial restated a “hold” rating and set a $18.00 target price (up previously from $12.00) on shares of Sunrun in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.98.

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.