Sunrun (NASDAQ:RUN) Director Sells $3,268,687.80 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 163,844 shares of Sunrun stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the transaction, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 22nd, Edward Harris Fenster sold 32,787 shares of Sunrun stock. The shares were sold at an average price of $20.00, for a total transaction of $655,740.00.
• On Friday, December 5th, Edward Harris Fenster sold 133,256 shares of Sunrun stock. The stock was sold at an average price of $18.11, for a total value of $2,413,266.16.

Sunrun Stock Up 4.9%

NASDAQ:RUN opened at $19.09 on Friday. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.44. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -1.71 and a beta of 2.36. The stock has a 50-day moving average price of $18.86 and a two-hundred day moving average price of $17.74.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RUN shares. Raymond James Financial assumed coverage on shares of Sunrun in a research note on Monday, January 12th. They issued a “market perform” rating for the company. Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $26.00 in a research report on Tuesday, October 21st. TD Cowen increased their price objective on Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Morgan Stanley boosted their target price on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.99.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. Sycomore Asset Management acquired a new position in Sunrun during the third quarter worth $28,000. Kestra Advisory Services LLC bought a new stake in Sunrun during the fourth quarter worth $30,000. Finally, Salomon & Ludwin LLC raised its position in Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.