81,163 Shares in Sunrun Inc. $RUN Bought by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 81,163 shares of the energy company’s stock, valued at approximately $1,403,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,660 shares in the last quarter. Spire Wealth Management lifted its holdings in Sunrun by 960.0% in the 2nd quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock valued at $43,000 after purchasing an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Sunrun by 87.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after acquiring an additional 2,700 shares during the last quarter. Signaturefd LLC lifted its stake in Sunrun by 436.4% in the 2nd quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock worth $64,000 after purchasing an additional 6,350 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Sunrun by 53.0% during the 3rd quarter. CWM LLC now owns 8,119 shares of the energy company’s stock worth $140,000 after purchasing an additional 2,812 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 3.6%

Shares of NASDAQ:RUN opened at $19.73 on Tuesday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -1.76 and a beta of 2.35. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The business has a 50-day moving average price of $19.03 and a 200 day moving average price of $15.49. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The company had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. During the same quarter last year, the firm posted ($0.37) earnings per share. Sunrun’s revenue was up 34.9% compared to the same quarter last year. Sell-side analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

RUN has been the subject of several recent research reports. TD Cowen increased their price target on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group raised their target price on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Morgan Stanley upped their price objective on shares of Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.58.

Insider Activity

In other news, CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $19.34, for a total transaction of $226,258.66. Following the completion of the transaction, the chief executive officer directly owned 876,590 shares in the company, valued at $16,953,250.60. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total value of $965,500.00. Following the completion of the sale, the director directly owned 850,482 shares of the company’s stock, valued at $16,422,807.42. The trade was a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 445,536 shares of company stock worth $8,579,156 in the last three months. 3.37% of the stock is currently owned by corporate insiders.

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.