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 stock was 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 in the company, valued at approximately $29,842,780. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $18.11, for a total transaction of $2,413,266.16.

Sunrun Trading Up 10.8%

Shares of Sunrun stock traded up $1.98 during trading on Monday, hitting $20.24. The company’s stock had a trading volume of 9,209,663 shares, compared to its average volume of 5,520,927. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -1.81 and a beta of 2.35. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The stock has a 50-day moving average price of $19.08 and a two-hundred day moving average price of $15.09. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06.

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

Wall Street Analyst Weigh In

RUN has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. TD Cowen raised their target price on Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Morgan Stanley increased their price target on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 2nd. BMO Capital Markets set a $19.00 target price on shares of Sunrun and gave the company a “market perform” rating in a research report on Wednesday, October 15th. Finally, Zacks Research lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.58.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after buying an additional 607 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Sunrun by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after acquiring an additional 644 shares during the period. Harvest Portfolios Group Inc. grew its stake in Sunrun by 2.7% during the third quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock valued at $532,000 after acquiring an additional 800 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Sunrun by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock worth $325,000 after purchasing an additional 967 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Sunrun by 6.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,332 shares during the period. 91.69% of the stock is currently owned by institutional investors.

About Sunrun

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.