Sunrun Inc. $RUN Stock Position Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its stake in Sunrun Inc. (NASDAQ:RUN) by 77.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,585 shares of the energy company’s stock after buying an additional 85,369 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of Sunrun worth $1,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RUN. Dimensional Fund Advisors LP raised its position in Sunrun by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after buying an additional 165,196 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Sunrun by 23.1% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock worth $49,433,000 after buying an additional 692,448 shares during the last quarter. Amundi increased its position in shares of Sunrun by 3.9% during the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after purchasing an additional 127,878 shares during the last quarter. Bank of America Corp DE acquired a new position in Sunrun during the second quarter worth $29,953,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Sunrun by 12.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,065,245 shares of the energy company’s stock worth $28,005,000 after acquiring an additional 232,200 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. Morgan Stanley decreased their price objective on shares of Sunrun from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Jefferies Financial Group restated a “hold” rating and set a $7.00 price objective on shares of Sunrun in a research report on Friday, October 9th. Royal Bank Of Canada cut their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company cut their target price on Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and an average price target of $14.39.

Sunrun Trading Down 5.6%

NASDAQ:RUN opened at $6.89 on Tuesday. Sunrun Inc. has a 52 week low of $6.86 and a 52 week high of $21.95. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The firm’s fifty day moving average is $8.51 and its 200-day moving average is $11.30. The firm has a market cap of $1.66 billion, a P/E ratio of 4.66 and a beta of 2.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. During the same quarter in the previous year, the company earned $1.07 EPS. Sunrun’s quarterly revenue was up 52.8% compared to the same quarter last year. Equities analysts expect that Sunrun Inc. will post 1.46 earnings per share for the current year.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 16,734 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $129,855.84. Following the completion of the sale, the chief financial officer owned 386,532 shares in the company, valued at $2,999,488.32. This trade represents a 4.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the sale, the director directly owned 367,405 shares of the company’s stock, valued at $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 118,719 shares of company stock worth $1,031,277. 3.55% of the stock is owned by insiders.

Sunrun Company Profile

Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.

Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.