Y Intercept Hong Kong Ltd Acquires New Shares in Sunrun Inc. $RUN

Y Intercept Hong Kong Ltd acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 35,044 shares of the energy company’s stock, valued at approximately $606,000.

Several other large investors also recently bought and sold shares of the company. PGGM Investments boosted its position in shares of Sunrun by 17.8% in the 3rd quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock worth $142,763,000 after buying an additional 1,249,683 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after acquiring an additional 3,974,464 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Robeco Schweiz AG purchased a new stake in shares of Sunrun in the third quarter valued at about $36,969,000. Finally, Bank of New York Mellon Corp grew its position in shares of Sunrun by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,381,123 shares of the energy company’s stock valued at $11,298,000 after purchasing an additional 4,909 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Up 1.5%

RUN opened at $18.47 on Wednesday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -1.65 and a beta of 2.36. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The business has a 50-day moving average of $18.70 and a two-hundred day moving average of $17.29.

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

Insider Buying and Selling at Sunrun

In related news, CAO Maria Barak sold 1,630 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.55, for a total value of $30,236.50. Following the transaction, the chief accounting officer directly owned 85,643 shares of the company’s stock, valued at approximately $1,588,677.65. This trade represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary Powell sold 8,754 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total value of $155,821.20. Following the sale, the chief executive officer directly owned 864,946 shares of the company’s stock, valued at approximately $15,396,038.80. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 354,956 shares of company stock worth $6,634,832. 3.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RUN has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research note on Thursday, January 22nd. Citigroup upgraded Sunrun from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $26.00 in a research report on Tuesday, October 21st. Oppenheimer increased their price objective on Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. The Goldman Sachs Group lifted their price objective on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.99.

Sunrun 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.