IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 1,442 Shares of Sunrun Inc. $RUN

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,497 shares of the energy company’s stock after buying an additional 1,442 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Sunrun were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Sunrun by 14.7% during the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock worth $72,000 after acquiring an additional 1,571 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sunrun by 19.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,758 shares of the energy company’s stock valued at $180,000 after purchasing an additional 5,033 shares during the last quarter. Vontobel Holding Ltd. raised its position in Sunrun by 277.0% in the 1st quarter. Vontobel Holding Ltd. now owns 383,617 shares of the energy company’s stock worth $2,248,000 after purchasing an additional 281,869 shares during the period. Alterna Wealth Management Inc. lifted its stake in Sunrun by 16.6% in the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock worth $71,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Sunrun during the first quarter valued at about $192,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 11,699 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $19.34, for a total transaction of $226,258.66. Following the transaction, the chief executive officer owned 876,590 shares in the company, valued at $16,953,250.60. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 25,614 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total transaction of $512,280.00. Following the completion of the transaction, the executive directly owned 655,734 shares of the company’s stock, valued at approximately $13,114,680. The trade was a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 266,956 shares of company stock worth $4,931,665. 3.37% of the stock is owned by corporate insiders.

Sunrun Trading Up 1.0%

NASDAQ RUN opened at $20.12 on Thursday. The stock has a market cap of $4.64 billion, a P/E ratio of -1.73 and a beta of 2.41. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock has a 50 day simple moving average of $17.92 and a two-hundred day simple moving average of $12.24. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded Sunrun from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $21.00 in a report on Wednesday, October 1st. KeyCorp raised Sunrun from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, July 8th. BNP Paribas upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $26.00 in a research note on Tuesday, October 21st. Finally, UBS Group lifted their target price on shares of Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.60.

Sunrun 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.