Jupiter Asset Management Ltd. Takes Position in Sunrun Inc. $RUN

Jupiter Asset Management Ltd. bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 67,381 shares of the energy company’s stock, valued at approximately $1,240,000.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 885 shares in the last quarter. Sycomore Asset Management bought a new stake in shares of Sunrun during the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Sunrun by 59.1% during 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 in the last quarter. Optiver Holding B.V. bought a new stake in shares of Sunrun during the 3rd quarter valued at about $31,000. Finally, Salomon & Ludwin LLC lifted its position in Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares during the period. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 127,673 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the sale, the executive owned 707,126 shares in the company, valued at $9,369,419.50. This represents a 15.29% decrease in their ownership of the stock. The transaction 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, CEO Mary Powell sold 193,002 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the sale, the chief executive officer owned 934,282 shares in the company, valued at approximately $12,379,236.50. The trade was a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 716,050 shares of company stock valued at $9,463,809. 3.55% of the stock is currently owned by insiders.

Sunrun Price Performance

Shares of RUN opened at $16.72 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 7.85 and a beta of 2.25. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The firm’s 50-day simple moving average is $13.40 and its two-hundred day simple moving average is $16.34.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business’s revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen lowered Sunrun from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Glj Research reiterated a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research note on Thursday, April 16th. UBS Group dropped their price objective on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Citigroup cut their price objective on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $17.00 price objective on shares of Sunrun in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and a consensus target price of $18.48.

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.