Signaturefd LLC Buys 2,497 Shares of Sunrun Inc. (NASDAQ:RUN)

Signaturefd LLC boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 41.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,477 shares of the energy company’s stock after purchasing an additional 2,497 shares during the quarter. Signaturefd LLC’s holdings in Sunrun were worth $166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Sunrun by 0.7% during the third quarter. Vanguard Group Inc. now owns 19,405,097 shares of the energy company’s stock worth $243,728,000 after purchasing an additional 126,321 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Sunrun by 35.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock valued at $178,127,000 after acquiring an additional 3,748,696 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Sunrun by 3.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,593,210 shares of the energy company’s stock valued at $133,051,000 after acquiring an additional 324,272 shares during the period. Invesco Ltd. lifted its position in Sunrun by 6.2% during the third quarter. Invesco Ltd. now owns 7,137,991 shares of the energy company’s stock worth $89,653,000 after purchasing an additional 416,747 shares during the period. Finally, Robeco Schweiz AG raised its stake in Sunrun by 35.8% during the third quarter. Robeco Schweiz AG now owns 3,581,300 shares of the energy company’s stock worth $44,981,000 after acquiring an additional 945,000 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RUN shares. Janney Montgomery Scott downgraded Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Piper Sandler lowered their target price on Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Susquehanna reissued a “positive” rating and set a $25.00 target price on shares of Sunrun in a research note on Friday, April 5th. Oppenheimer reissued an “outperform” rating and set a $19.00 target price on shares of Sunrun in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.26.

Sunrun Price Performance

NASDAQ RUN opened at $10.29 on Monday. The business has a fifty day simple moving average of $11.72 and a 200 day simple moving average of $13.16. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $23.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The business had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. As a group, equities research analysts expect that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 2,836 shares of Sunrun stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.01, for a total value of $28,388.36. Following the completion of the sale, the director now owns 1,399,810 shares of the company’s stock, valued at approximately $14,012,098.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 2,836 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.01, for a total value of $28,388.36. Following the completion of the transaction, the director now owns 1,399,810 shares in the company, valued at approximately $14,012,098.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary Powell sold 5,424 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the transaction, the chief executive officer now owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is owned by insiders.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.