Nia Impact Advisors LLC Decreases Position in Sunrun Inc. (NASDAQ:RUN)

Nia Impact Advisors LLC trimmed its position in Sunrun Inc. (NASDAQ:RUNFree Report) by 58.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,152 shares of the energy company’s stock after selling 53,630 shares during the period. Nia Impact Advisors LLC’s holdings in Sunrun were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun during the 4th quarter worth about $29,000. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new stake in Sunrun during the 4th quarter worth about $53,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the 4th quarter worth about $56,000. Finally, Sterling Capital Management LLC grew its position in Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company’s stock worth $64,000 after purchasing an additional 6,129 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Up 8.6%

NASDAQ:RUN opened at $11.90 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock’s fifty day moving average is $6.95 and its two-hundred day moving average is $8.97. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -6.54 and a beta of 2.66.

Sunrun (NASDAQ:RUNGet Free Report) last released its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $504.27 million for the quarter, compared to analysts’ expectations of $487.29 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RUN shares. Susquehanna dropped their target price on Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada lowered their price objective on Sunrun from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Finally, BMO Capital Markets lowered their price objective on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.82.

Get Our Latest Analysis on Sunrun

Insider Activity at Sunrun

In related news, Director Edward Harris Fenster acquired 50,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $10.87 per share, with a total value of $543,500.00. Following the transaction, the director now owns 1,408,182 shares of the company’s stock, valued at $15,306,938.34. The trade was a 3.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeanna Steele sold 9,942 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the sale, the insider now directly owns 291,238 shares of the company’s stock, valued at $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,540 shares of company stock valued at $1,050,944 over the last quarter. 3.77% of the stock is owned by insiders.

Sunrun Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunrun Inc. (NASDAQ:RUNFree Report).

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.