Sunrun Inc. $RUN Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 98.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,337 shares of the energy company’s stock after selling 342,384 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sunrun were worth $80,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Sunrun by 156.9% in the fourth 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 during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun during the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. raised its position 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 worth $28,000 after purchasing an additional 564 shares during the last quarter. Sycomore Asset Management acquired a new position in shares of Sunrun during the 3rd quarter worth approximately $28,000. Finally, Kestra Advisory Services LLC purchased a new stake in Sunrun in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

More Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI data center pilot that could let homeowners’ solar and battery systems support edge computing, creating a new business line beyond its core residential solar model. Article Title
• Positive Sentiment: Trading activity showed unusually heavy call option buying, suggesting some investors are betting the AI-related announcement could drive more upside in RUN. Article Title
• Positive Sentiment: Susquehanna trimmed its price target to $18 from $19 but kept a positive rating, which still implies meaningful upside from current levels. Article Title
• Neutral Sentiment: Media coverage around the AI data-center pilot has kept Sunrun in the spotlight, but some reports noted the news has not yet translated into a full stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged 10b5-1 transaction, adding to recent insider selling that may weigh on sentiment. Article Title
• Negative Sentiment: Glj Research reaffirmed a sell rating and set a $4.63 target, a sharply bearish call that signals substantial downside risk in the eyes of that firm. Article Title

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.18, for a total value of $205,779.34. Following the transaction, the executive owned 839,539 shares in the company, valued at $11,065,124.02. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. Following the sale, the director directly owned 459,091 shares of the company’s stock, valued at $7,308,728.72. This represents a 9.82% 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. Over the last 90 days, insiders have sold 223,045 shares of company stock worth $3,081,335. Corporate insiders own 3.55% of the company’s stock.

Sunrun Trading Up 0.1%

RUN stock traded up $0.01 during midday trading on Friday, hitting $12.47. The stock had a trading volume of 7,231,726 shares, compared to its average volume of 11,651,620. The company’s 50-day moving average price is $13.66 and its 200 day moving average price is $15.26. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. The firm has a market cap of $2.97 billion, a PE ratio of 5.85 and a beta of 2.32. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 14.06% and a net margin of 17.88%.The business’s revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. On average, equities research analysts predict that Sunrun Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RUN shares. Glj Research reiterated a “sell” rating and set a $4.63 target price on shares of Sunrun in a report on Friday. Susquehanna reduced their price objective on Sunrun from $19.00 to $18.00 and set a “positive” rating on the stock in a research report on Friday. Weiss Ratings upgraded Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Barclays cut their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.81.

About Sunrun

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.