Sunrun Inc. (NASDAQ:RUN) Director Sells $83,674.46 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 4,646 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.01, for a total transaction of $83,674.46. Following the completion of the transaction, the director now directly owns 1,202,777 shares in the company, valued at $21,662,013.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $19.23 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The stock has a market cap of $4.30 billion, a PE ratio of -2.88 and a beta of 2.59. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The business’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $14.14.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The business had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, analysts forecast that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after acquiring an additional 691 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after buying an additional 895 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Sunrun by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after buying an additional 910 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Sunrun by 41.9% during the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after buying an additional 938 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Sunrun by 18.7% in the first quarter. Spire Wealth Management now owns 6,405 shares of the energy company’s stock valued at $84,000 after acquiring an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Evercore ISI dropped their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets raised their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Thursday, August 8th. Finally, Oppenheimer increased their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

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.