Sunrun Inc. (NASDAQ:RUN) Chairman Edward Harris Fenster sold 115,094 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the completion of the sale, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Sunrun Inc. (NASDAQ RUN) traded down 2.98% during trading on Wednesday, hitting $6.84. The stock had a trading volume of 1,254,082 shares. The company’s 50 day moving average price is $7.01 and its 200 day moving average price is $5.74. Sunrun Inc. has a 52 week low of $4.15 and a 52 week high of $7.64. The company has a market capitalization of $721.24 million, a price-to-earnings ratio of 7.97 and a beta of -0.69.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Sunrun had a return on equity of 9.05% and a net margin of 17.65%. The business had revenue of $137.85 million for the quarter, compared to the consensus estimate of $143.35 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. Sunrun’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts predict that Sunrun Inc. will post $1.06 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Sunrun during the fourth quarter valued at approximately $4,280,000. Handelsbanken Fonder AB increased its position in Sunrun by 248.6% in the first quarter. Handelsbanken Fonder AB now owns 641,475 shares of the energy company’s stock valued at $3,464,000 after buying an additional 457,475 shares during the last quarter. Vanguard Group Inc. increased its position in Sunrun by 7.4% in the first quarter. Vanguard Group Inc. now owns 5,483,858 shares of the energy company’s stock valued at $29,613,000 after buying an additional 375,782 shares during the last quarter. DnB Asset Management AS increased its position in Sunrun by 8.4% in the first quarter. DnB Asset Management AS now owns 4,746,526 shares of the energy company’s stock valued at $25,631,000 after buying an additional 367,911 shares during the last quarter. Finally, Atlantic Trust Group LLC purchased a new position in Sunrun during the first quarter valued at approximately $1,645,000. Institutional investors and hedge funds own 71.63% of the company’s stock.

A number of analysts have recently issued reports on RUN shares. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a $10.00 target price on Sunrun and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC increased their target price on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, ValuEngine upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Sunrun currently has an average rating of “Buy” and a consensus target price of $9.62.

About Sunrun

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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