Key Points
- Director sale: Sunrun director Edward Harris Fenster sold 32,787 shares on Dec. 22 at an average price of $20.00 for $655,740, trimming his stake by 2.15% to 1,492,139 shares (~$29.84M); he also sold 133,256 shares on Dec. 5 at $18.11 for ~$2.41M.
- Company context: Sunrun recently beat quarterly expectations (EPS $0.06 vs. $0.01; revenue $724.6M, +34.9% YoY), trades near $20 with a $4.7B market cap and a 52‑week high of $22.44, and carries an average analyst rating of "Moderate Buy" with a $19.58 target.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Edward Harris Fenster sold 32,787 shares of the company's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $20.00, for a total transaction of $655,740.00. Following the completion of the sale, the director owned 1,492,139 shares in the company, valued at $29,842,780. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing 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 value of $2,413,266.16.
Sunrun Stock Performance
Shares of RUN opened at $20.24 on Tuesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46. The stock has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $15.09. The firm has a market capitalization of $4.70 billion, a P/E 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.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The company's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) earnings per share. Equities analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of Sunrun
A number of large investors have recently added to or reduced their stakes in the stock. Sycomore Asset Management bought a new position in shares of Sunrun during the 3rd quarter valued at approximately $28,000. Optiver Holding B.V. bought a new stake in shares of Sunrun in the 3rd quarter worth approximately $31,000. Advisory Services Network LLC bought a new stake in shares of Sunrun in the 3rd quarter worth approximately $38,000. Resources Management Corp CT ADV lifted its stake in Sunrun by 1,085.3% in the third quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company's stock valued at $39,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in Sunrun during the third quarter valued at $49,000. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Oppenheimer lifted their price objective on shares of Sunrun from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. UBS Group boosted their price target on shares of Sunrun from $16.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, October 21st. Guggenheim upgraded shares of Sunrun from a "neutral" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Monday, November 10th. 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 report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded Sunrun from a "hold" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.58.
Read Our Latest Analysis on Sunrun
About Sunrun
(
Get Free Report)
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.
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