Edward Harris Fenster Sells 32,787 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 32,787 shares of Sunrun stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $20.00, for a total transaction of $655,740.00. Following the sale, the director owned 1,492,139 shares of the company’s stock, valued at approximately $29,842,780. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 Trading Down 4.1%

Shares of RUN stock opened at $19.42 on Wednesday. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -1.74 and a beta of 2.35. 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 firm has a 50-day moving average price of $19.06 and a 200 day moving average price of $15.17. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to the consensus estimate of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.37) earnings per share. Research analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sycomore Asset Management acquired a new position in Sunrun during the third quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in shares of Sunrun in the 3rd quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in shares of Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,660 shares during the period. Advisory Services Network LLC acquired a new position in shares of Sunrun during the 3rd quarter valued at $38,000. Finally, Resources Management Corp CT ADV lifted its holdings in shares of Sunrun by 1,085.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock valued at $39,000 after acquiring an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Susquehanna increased their target price on Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th. Guggenheim raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.58.

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.