Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Edward Harris Fenster sold 133,256 shares of the firm's stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $18.11, for a total value of $2,413,266.16. Following the completion of the transaction, the director owned 1,474,926 shares of the company's stock, valued at approximately $26,710,909.86. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sunrun Price Performance
Shares of NASDAQ RUN opened at $18.06 on Tuesday. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The business's 50 day moving average price is $19.30 and its 200 day moving average price is $14.33. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67. The firm has a market cap of $4.19 billion, a P/E ratio of -1.62 and a beta of 2.35.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. During the same period last year, the firm posted ($0.37) EPS. Sunrun's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on RUN. Guggenheim upgraded shares of Sunrun from a "neutral" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Monday, November 10th. Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a report on Friday, August 15th. Jefferies Financial Group upgraded Sunrun from a "hold" rating to a "buy" rating and upped their target price for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sunrun in a research report on Wednesday, October 8th. Finally, Citigroup raised Sunrun from a "neutral" rating to a "buy" rating and boosted their price target for the company from $11.00 to $26.00 in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Sunrun has a consensus rating of "Moderate Buy" and a consensus target price of $19.58.
Check Out Our Latest Analysis on Sunrun
Hedge Funds Weigh In On Sunrun
A number of hedge funds have recently bought and sold shares of RUN. Sycomore Asset Management acquired a new stake in Sunrun in the third quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in shares of Sunrun during the 3rd quarter valued at approximately $31,000. Smartleaf Asset Management LLC grew its stake in 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 purchased a new stake in Sunrun in the 3rd quarter worth $38,000. Finally, Resources Management Corp CT ADV increased its holdings in Sunrun by 1,085.3% in the 3rd quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company's stock worth $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.
About Sunrun
(
Get Free Report)
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.
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