Key Points
- Director Edward Harris Fenster sold 163,844 Sunrun shares on Feb. 11 at an average price of $19.95 for about $3.27M, leaving him with 1,578,895 shares valued at roughly $31.5M and representing a 9.4% reduction in his position.
- Fenster completed additional insider sales recently (32,787 shares on Dec. 22 at $20.00 and 133,256 shares on Dec. 5 at $18.11), totaling **329,887** shares sold in recent months.
- Sunrun shares traded around $18.20 (down ~5%), the company has a $4.22B market cap and a Moderate Buy analyst consensus with an average target of $19.99 (13 Buys, 8 Holds, 1 Sell).
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Edward Harris Fenster sold 163,844 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the completion of the sale, the director owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. The trade was a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were 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 stock was sold at an average price of $18.11, for a total transaction of $2,413,266.16.
Sunrun Stock Down 5.0%
Shares of RUN opened at $18.20 on Friday. 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 company has a 50-day simple moving average of $18.83 and a 200-day simple moving average of $17.64. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The firm has a market capitalization of $4.22 billion, a P/E ratio of -1.63 and a beta of 2.36.
Institutional Investors Weigh In On Sunrun
A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Sunrun by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company's stock worth $20,660,000 after purchasing an additional 63,284 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Sunrun by 7,260.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,118 shares of the energy company's stock valued at $999,000 after acquiring an additional 120,459 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Sunrun by 41.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 498,530 shares of the energy company's stock worth $8,620,000 after purchasing an additional 146,588 shares during the period. Range Financial Group LLC acquired a new stake in Sunrun during the 3rd quarter worth $1,403,000. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Sunrun by 47.3% during the second quarter. Duff & Phelps Investment Management Co. now owns 51,807 shares of the energy company's stock worth $424,000 after acquiring an additional 16,643 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Citigroup upgraded Sunrun from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $26.00 in a research report on Tuesday, October 21st. TD Cowen boosted their price target on shares of Sunrun from $22.00 to $23.00 and gave the company a "buy" rating in a report on Friday, November 7th. Guggenheim raised shares of Sunrun from a "neutral" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Monday, November 10th. UBS Group lifted their target price on shares of Sunrun from $16.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial assumed coverage on shares of Sunrun in a research report on Monday, January 12th. They issued a "market perform" rating for the company. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sunrun has an average rating of "Moderate Buy" and a consensus target price of $19.99.
View Our Latest Stock Analysis on RUN
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
