101,051 Shares in Sunrun Inc. $RUN Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in Sunrun Inc. (NASDAQ:RUN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 101,051 shares of the energy company’s stock, valued at approximately $1,351,000.

Several other institutional investors have also made changes to their positions in the company. Allworth Financial LP acquired a new position in Sunrun during the second quarter valued at $25,000. Farther Finance Advisors LLC raised its position in Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun in the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its stake in shares of Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Sunrun during the 4th quarter worth about $30,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Performance

RUN opened at $8.89 on Friday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 6.01 and a beta of 2.37. The business’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $12.73. Sunrun Inc. has a 1 year low of $8.22 and a 1 year high of $22.44.

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

Insider Activity

In related news, CFO Danny Abajian sold 16,495 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 420,318 shares of the company’s stock, valued at approximately $5,543,994.42. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Jurich sold 50,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total transaction of $498,000.00. Following the transaction, the director owned 367,405 shares in the company, valued at approximately $3,659,353.80. The trade was a 11.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 173,045 shares of company stock valued at $2,138,835. Corporate insiders own 3.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RUN. TD Cowen lowered their target price on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their target price on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Roth Capital restated a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Glj Research reaffirmed a “sell” rating and issued a $4.63 target price on shares of Sunrun in a research note on Monday, August 17th. Finally, Oppenheimer reissued an “outperform” rating and issued a $20.00 price target on shares of Sunrun in a research note on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average price target of $16.81.

Sunrun Company Profile

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.