Truist Financial Corp bought a new position in Sunrun Inc. (NASDAQ:RUN – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,654 shares of the energy company’s stock, valued at approximately $307,000.
Other large investors have also recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Sunrun by 35.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock worth $178,127,000 after acquiring an additional 3,748,696 shares during the last quarter. Deutsche Bank AG boosted its stake in Sunrun by 112.9% during the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after purchasing an additional 1,180,823 shares during the period. Robeco Schweiz AG grew its position in Sunrun by 35.8% in the 3rd quarter. Robeco Schweiz AG now owns 3,581,300 shares of the energy company’s stock worth $44,981,000 after purchasing an additional 945,000 shares during the last quarter. Electron Capital Partners LLC increased its stake in shares of Sunrun by 53.4% in the third quarter. Electron Capital Partners LLC now owns 2,212,749 shares of the energy company’s stock valued at $27,792,000 after purchasing an additional 770,234 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Sunrun by 6.2% during the third quarter. Invesco Ltd. now owns 7,137,991 shares of the energy company’s stock valued at $89,653,000 after buying an additional 416,747 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Alan Ferber purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $97,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sunrun news, Director Alan Ferber purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased 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 owns 10,000 shares of the company’s stock, valued at $97,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary Powell sold 5,424 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the sale, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at $4,988,931.36. The disclosure for this sale can be found here. Insiders sold a total of 301,760 shares of company stock worth $3,615,990 over the last ninety days. 3.76% of the stock is currently owned by company insiders.
Sunrun Stock Performance
RUN opened at $11.42 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market cap of $2.53 billion, a PE ratio of -1.71 and a beta of 2.50. The business has a fifty day simple moving average of $11.31 and a 200-day simple moving average of $13.30. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85.
Sunrun (NASDAQ:RUN – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09. The business had revenue of $458.20 million during the quarter, compared to analyst estimates of $471.38 million. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. Sunrun’s revenue for the quarter was down 22.3% on a year-over-year basis. During the same quarter last year, the company posted ($1.12) EPS. As a group, equities analysts predict that Sunrun Inc. will post -1.83 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently commented on RUN. Susquehanna lowered their target price on Sunrun from $25.00 to $23.00 and set a “positive” rating on the stock in a research report on Thursday, May 9th. Truist Financial restated a “hold” rating and set a $14.00 price objective (down from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Mizuho decreased their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 19th. BMO Capital Markets raised their target price on shares of Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Finally, Piper Sandler decreased their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average target price of $21.21.
View Our Latest Analysis on RUN
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.
Further Reading
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Source: defenseworld.net
