Insider Buying: Sunrun Inc. (NASDAQ:RUN) Director Acquires 150,000 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Edward Harris Fenster purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sunrun Trading Down 14.9 %

Shares of Sunrun stock traded down $1.08 during trading hours on Monday, hitting $6.17. The company’s stock had a trading volume of 24,935,388 shares, compared to its average volume of 10,638,377. Sunrun Inc. has a twelve month low of $6.00 and a twelve month high of $22.26. The firm has a fifty day moving average of $9.20 and a 200-day moving average of $12.94. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -3.39 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Hedge Funds Weigh In On Sunrun

Large investors have recently modified their holdings of the business. Sylebra Capital LLC lifted its stake in Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after acquiring an additional 3,699,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Sunrun by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock worth $6,125,000 after acquiring an additional 52,176 shares in the last quarter. Vident Advisory LLC lifted its stake in Sunrun by 76.9% during the 4th quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock worth $187,000 after acquiring an additional 8,792 shares in the last quarter. Teza Capital Management LLC lifted its stake in Sunrun by 12.9% during the 4th quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock worth $413,000 after acquiring an additional 5,121 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Sunrun during the 4th quarter worth about $2,363,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on RUN shares. Barclays dropped their price target on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday. BMO Capital Markets dropped their price target on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday. Wells Fargo & Company dropped their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.61.

Sunrun Company Profile

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.