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

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Edward Harris Fenster purchased 150,000 shares of Sunrun stock in a transaction dated Monday, March 3rd. The stock was bought 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sunrun Trading Up 4.2 %

Shares of RUN traded up $0.29 during trading hours on Friday, hitting $7.16. The company had a trading volume of 15,127,162 shares, compared to its average volume of 11,094,926. The firm has a market cap of $1.61 billion, a P/E ratio of -3.93 and a beta of 2.59. The stock's 50 day moving average price is $9.01 and its 200 day moving average price is $12.77. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock valued at $905,000 after purchasing an additional 886 shares during the period. CIBC Asset Management Inc increased its holdings in Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock valued at $229,000 after purchasing an additional 1,360 shares during the period. Blue Trust Inc. increased its holdings in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after purchasing an additional 1,465 shares during the period. International Assets Investment Management LLC increased its holdings in 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 purchasing an additional 1,638 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Sunrun by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after purchasing an additional 1,749 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on RUN. StockNews.com raised Sunrun to a "sell" rating in a research note on Friday, December 20th. Roth Mkm dropped their price objective on Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Oppenheimer dropped their price objective on Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. BNP Paribas raised Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price objective on Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday. Two research 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.51.

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.