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 business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sunrun Price Performance

Shares of RUN stock opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The company has a market capitalization of $2.35 billion, a P/E ratio of -1.45 and a beta of 2.46. The company’s 50-day simple moving average is $12.75 and its two-hundred day simple moving average is $13.22. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last issued its 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). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. As a group, equities analysts anticipate that Sunrun Inc. will post -1.69 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Sunrun by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Sunrun by 35.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock valued at $178,127,000 after acquiring an additional 3,748,696 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Sunrun by 3.2% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,593,210 shares of the energy company’s stock valued at $133,051,000 after acquiring an additional 324,272 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Sunrun by 99,711.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock valued at $251,136,000 after acquiring an additional 10,444,812 shares during the last quarter. Finally, Greenvale Capital LLP lifted its position in Sunrun by 15.3% during the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock valued at $162,929,000 after acquiring an additional 1,100,000 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RUN has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Oppenheimer restated an “outperform” rating and set a $19.00 target price on shares of Sunrun in a research report on Thursday, February 22nd. Truist Financial restated a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Finally, Mizuho upped their target price on shares of Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.53.

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.