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 stock in a transaction that occurred 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 transaction, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sunrun Price Performance

Shares of RUN stock traded down $0.95 on Monday, reaching $10.69. The company’s stock had a trading volume of 11,490,785 shares, compared to its average volume of 14,476,704. The stock’s fifty day simple moving average is $12.75 and its 200-day simple moving average is $13.22. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $23.85. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -1.45 and a beta of 2.46.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million for 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%. Analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RUN. Truist Financial reiterated a “hold” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Piper Sandler decreased their target price 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. KeyCorp restated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. BMO Capital Markets raised their target price 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. Finally, Mizuho raised their target price 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Sunrun during the third quarter worth $26,000. C M Bidwell & Associates Ltd. boosted its stake in Sunrun by 1,483.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after buying an additional 2,211 shares during the period. Fifth Third Bancorp boosted its stake in shares of Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the period. Versant Capital Management Inc boosted its stake in shares of Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Sunrun by 69.8% during the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after purchasing an additional 1,375 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.