Sunrun Inc. (NASDAQ:RUN) Shares Sold by Hartline Investment Corp

Hartline Investment Corp decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 217,236 shares of the energy company’s stock after selling 6,784 shares during the period. Sunrun makes up approximately 0.7% of Hartline Investment Corp’s investment portfolio, making the stock its 27th largest holding. Hartline Investment Corp’s holdings in Sunrun were worth $4,264,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp increased its stake in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares in the last quarter. Versant Capital Management Inc grew its holdings in Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in shares of Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after buying an additional 2,211 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Sunrun by 69.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after acquiring an additional 1,375 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Sunrun during the 3rd quarter valued at about $53,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on RUN shares. Truist Financial reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. Piper Sandler lowered their target price on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Mizuho cut their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday, April 19th. Royal Bank of Canada decreased their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.26.

Sunrun Stock Performance

Shares of NASDAQ RUN traded down $0.25 during midday trading on Wednesday, hitting $10.02. The company’s stock had a trading volume of 9,971,665 shares, compared to its average volume of 14,217,780. The firm has a market cap of $2.20 billion, a P/E ratio of -1.39 and a beta of 2.46. The firm’s fifty day moving average price is $12.12 and its 200-day moving average price is $13.20. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million for the quarter, compared to analyst estimates of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. On average, sell-side analysts forecast that Sunrun Inc. will post -1.74 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, CEO Mary Powell sold 5,424 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the transaction, the chief executive officer now owns 411,628 shares in the company, valued at approximately $4,988,931.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, Director Alan Ferber bought 10,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $9.73 per share, with a total value of $97,300.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $97,300. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mary Powell sold 5,424 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the transaction, the chief executive officer now directly owns 411,628 shares in the company, valued at $4,988,931.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,760 shares of company stock worth $3,615,990. Company insiders own 3.76% of the company’s stock.

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.