Sunrun Inc. (NASDAQ:RUN) Director Sells $2,066,394.00 in 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 value of $2,066,394.00. Following the transaction, the director now owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sunrun Price Performance

NASDAQ RUN opened at $10.85 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $23.85. The company has a market cap of $2.38 billion, a PE ratio of -1.47 and a beta of 2.46. The stock’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $13.19.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million during the quarter, compared to analysts’ expectations of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. On average, analysts predict that Sunrun Inc. will post -1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Mizuho upped their price target on shares of Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Piper Sandler lowered their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. The Goldman Sachs Group upped their target price on Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, BMO Capital Markets lifted their price target on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.53.

Institutional Trading of Sunrun

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of Sunrun by 6.2% during the 3rd quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock worth $204,000 after purchasing an additional 431 shares in the last quarter. Koss Olinger Consulting LLC raised its position in Sunrun by 6.4% during the first quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company’s stock valued at $210,000 after acquiring an additional 628 shares in the last quarter. Delphia USA Inc. lifted its stake in Sunrun by 4.3% in the fourth quarter. Delphia USA Inc. now owns 16,350 shares of the energy company’s stock valued at $393,000 after acquiring an additional 675 shares during the last quarter. Fifth Third Bancorp grew its position in Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after acquiring an additional 764 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Sunrun by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company’s stock worth $2,843,000 after purchasing an additional 812 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

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.