Susquehanna Fundamental Investments LLC Increases Stock Holdings in Sunrun Inc. $RUN

Susquehanna Fundamental Investments LLC increased its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 273.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 242,247 shares of the energy company’s stock after acquiring an additional 177,380 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Sunrun worth $3,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after acquiring an additional 165,196 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sunrun by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sunrun by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after purchasing an additional 205,627 shares in the last quarter. Contour Asset Management LLC purchased a new position in shares of Sunrun in the fourth quarter valued at $98,010,000. Finally, Voloridge Investment Management LLC boosted its stake in shares of Sunrun by 47.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RUN. The Goldman Sachs Group dropped their price target on shares of Sunrun from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Glj Research reissued a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research report on Monday, August 17th. Wells Fargo & Company lowered 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. Royal Bank Of Canada dropped their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sunrun presently has a consensus rating of “Hold” and an average price target of $16.81.

Sunrun Stock Down 2.5%

RUN stock opened at $8.56 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $12.97. The company has a market capitalization of $2.06 billion, a P/E ratio of 5.78 and a beta of 2.36. Sunrun Inc. has a twelve month low of $8.49 and a twelve month high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. On average, equities research analysts predict that Sunrun Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Danny Abajian sold 16,495 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the sale, the chief financial officer owned 420,318 shares in the company, valued at approximately $5,543,994.42. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the transaction, the executive directly owned 839,539 shares in the company, valued at $11,065,124.02. The trade was a 1.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 173,045 shares of company stock worth $2,138,835. 3.55% of the stock is currently owned by insiders.

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.