Edward Harris Fenster Sells 163,844 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 163,844 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total value of $3,268,687.80. Following the sale, the director directly owned 1,578,895 shares of the company’s stock, valued at approximately $31,498,955.25. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 shares were sold at an average price of $18.11, for a total transaction of $2,413,266.16.

Sunrun Price Performance

Shares of Sunrun stock opened at $19.09 on Friday. The company’s fifty day simple moving average is $18.86 and its two-hundred day simple moving average is $17.70. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The firm has a market cap of $4.43 billion, a PE ratio of -1.71 and a beta of 2.36. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Farther Finance Advisors LLC raised its stake in Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after buying an additional 885 shares during the last quarter. Sycomore Asset Management bought a new position in Sunrun in the third quarter valued at about $28,000. Hantz Financial Services Inc. boosted its position in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Sunrun during the 4th quarter valued at about $30,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Sunrun during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research report on Thursday, January 22nd. UBS Group upped their price objective on shares of Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Raymond James Financial started coverage on shares of Sunrun in a report on Monday, January 12th. They set a “market perform” rating for the company. TD Cowen boosted their price target on Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley raised their price objective on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.99.

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.