Sunrun (NASDAQ:RUN) Director Edward Harris Fenster Sells 163,844 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster sold 163,844 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the transaction, the director directly owned 1,578,895 shares in the company, valued at $31,498,955.25. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 shares were sold at an average price of $18.11, for a total transaction of $2,413,266.16.

Sunrun Trading Down 5.0%

NASDAQ RUN opened at $18.20 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The firm’s fifty day simple moving average is $18.83 and its 200-day simple moving average is $17.64. The company has a market capitalization of $4.22 billion, a PE ratio of -1.63 and a beta of 2.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RUN shares. Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, November 10th. TD Cowen boosted their target price on shares of Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. UBS Group raised their price target on shares of Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Sunrun in a research note on Wednesday, January 21st. Finally, Citigroup raised shares of Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $26.00 in a research report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average price target of $19.99.

Institutional Trading of Sunrun

Several large investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after acquiring an additional 30,175 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Sunrun by 47.8% in the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after purchasing an additional 10,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sunrun by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after purchasing an additional 5,882 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Sunrun by 511.0% in the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after purchasing an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Sunrun by 45.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after purchasing an additional 718,955 shares during the period. 91.69% of the stock is owned by institutional investors.

About Sunrun

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.