Shares of Sunrun Inc (NASDAQ:RUN) rose 7% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as $13.88 and last traded at $13.88. Approximately 2,429,042 shares traded hands during trading, an increase of 8% from the average daily volume of 2,257,810 shares. The stock had previously closed at $12.97.

Specifically, Chairman Edward Harris Fenster sold 90,224 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $15.22, for a total value of $1,373,209.28. Following the transaction, the chairman now directly owns 2,281,215 shares of the company’s stock, valued at $34,720,092.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Tiger Global Management Llc purchased 776,138 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was acquired at an average cost of $11.11 per share, for a total transaction of $8,622,893.18. The disclosure for this purchase can be found here. In the last quarter, insiders bought 4,197,290 shares of company stock worth $50,831,750 and sold 229,540 shares worth $3,332,186. 19.45% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. Bank of America raised shares of Sunrun from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $15.00 to $16.00 in a research note on Monday, August 13th. Credit Suisse Group raised their price target on shares of Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, July 2nd. Goldman Sachs Group downgraded shares of Sunrun from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, TheStreet raised shares of Sunrun from a “d+” rating to a “c+” rating in a research note on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $14.82.

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.50. The company has a market capitalization of $1.45 billion, a P/E ratio of 16.14, a PEG ratio of 0.60 and a beta of -0.81.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, August 9th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.31). Sunrun had a return on equity of 7.49% and a net margin of 20.26%. The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $167.64 million. During the same period last year, the firm earned $0.23 earnings per share. Sunrun’s revenue for the quarter was up 30.6% on a year-over-year basis. analysts predict that Sunrun Inc will post 1.43 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. GVO Asset Management Ltd purchased a new position in Sunrun during the second quarter worth about $2,067,000. Wells Fargo & Company MN raised its stake in Sunrun by 74.7% during the first quarter. Wells Fargo & Company MN now owns 310,716 shares of the energy company’s stock worth $2,774,000 after purchasing an additional 132,890 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sunrun by 36.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock worth $209,000 after purchasing an additional 6,200 shares during the period. Swiss National Bank raised its stake in Sunrun by 7.2% during the first quarter. Swiss National Bank now owns 120,450 shares of the energy company’s stock worth $1,076,000 after purchasing an additional 8,100 shares during the period. Finally, BlackRock Inc. raised its stake in Sunrun by 0.3% during the first quarter. BlackRock Inc. now owns 6,034,105 shares of the energy company’s stock worth $53,884,000 after purchasing an additional 15,517 shares during the period. 77.41% of the stock is currently owned by institutional investors.

About Sunrun (NASDAQ:RUN)

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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