Sunrun Inc. $RUN Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC raised its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 273.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,247 shares of the energy company’s stock after purchasing an additional 177,380 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Sunrun were worth $3,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RUN. Allworth Financial LP bought a new position in shares of Sunrun in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC grew its position in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after buying an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sunrun during the 4th quarter valued at about $27,000. Hantz Financial Services Inc. raised its stake in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Sunrun in the fourth quarter worth about $30,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RUN. Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Sunrun in a research note on Thursday, August 6th. UBS Group dropped their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. The Goldman Sachs Group cut their price target on Sunrun from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Susquehanna lowered their price objective on Sunrun from $18.00 to $15.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Finally, Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.81.

Sunrun Trading Down 2.5%

Sunrun stock opened at $8.56 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34. The firm has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $12.97. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 5.78 and a beta of 2.36. Sunrun Inc. has a 52-week low of $8.49 and a 52-week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million during the quarter, compared to analysts’ expectations of $746.87 million. During the same quarter in the prior year, the firm earned $1.07 EPS. Sunrun’s quarterly revenue was up 52.8% on a year-over-year basis. Sell-side analysts expect that Sunrun Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 23,985 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the transaction, the chief executive officer directly owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,495 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the sale, the chief financial officer owned 420,318 shares in the company, valued at approximately $5,543,994.42. This represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 173,045 shares of company stock valued at $2,138,835. 3.55% of the stock is currently owned by insiders.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.