Edward Harris Fenster Purchases 150,000 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. This represents a 12.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sunrun Price Performance

Shares of RUN stock opened at $6.17 on Tuesday. Sunrun Inc. has a 12 month low of $6.00 and a 12 month high of $22.26. The company has a market capitalization of $1.38 billion, a P/E ratio of -3.39 and a beta of 2.59. The stock has a 50 day moving average of $9.20 and a two-hundred day moving average of $12.94. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. Barclays lowered their price target on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets decreased their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in Sunrun in the 4th quarter valued at $29,000. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Blue Trust Inc. raised its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Sunrun during the third quarter worth about $44,000. 91.69% of the stock is owned by institutional investors.

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.