Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster Acquires 50,000 Shares

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Edward Harris Fenster purchased 50,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $10.87 per share, with a total value of $543,500.00. Following the completion of the purchase, the director now directly owns 1,408,182 shares in the company, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Edward Harris Fenster also recently made the following trade(s):

• On Monday, March 3rd, Edward Harris Fenster purchased 150,000 shares of Sunrun stock. The shares were acquired at an average cost of $6.80 per share, with a total value of $1,020,000.00.

Sunrun Stock Down 4.7%

Shares of NASDAQ:RUN traded down $0.60 on Friday, reaching $12.25. The company had a trading volume of 12,813,123 shares, compared to its average volume of 11,072,799. Sunrun Inc. has a 52-week low of $5.45 and a 52-week high of $22.26. The firm's 50 day simple moving average is $7.28 and its 200-day simple moving average is $8.97. The firm has a market capitalization of $2.80 billion, a PE ratio of -6.73 and a beta of 2.66. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. During the same period last year, the business posted ($0.40) EPS. The business's revenue was up 10.1% compared to the same quarter last year. As a group, analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new position in Sunrun during the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. grew its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after buying an additional 2,000 shares during the last quarter. Summit Securities Group LLC purchased a new position in Sunrun during the 4th quarter worth $53,000. Union Bancaire Privee UBP SA purchased a new position in Sunrun during the 4th quarter worth $56,000. Finally, Apollon Wealth Management LLC purchased a new position in Sunrun during the 1st quarter worth $60,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RUN. Morgan Stanley reissued an "equal weight" rating and set a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. TD Cowen decreased their price target on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Citigroup reissued a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. UBS Group restated a "buy" rating and set a $17.00 price objective on shares of Sunrun in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.92.

About Sunrun

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.