Decade Renewable Partners LP Buys Shares of 118,000 Sunrun Inc. (NASDAQ:RUN)

Decade Renewable Partners LP purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 118,000 shares of the energy company’s stock, valued at approximately $1,399,000. Decade Renewable Partners LP owned 0.05% of Sunrun as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas acquired a new position in shares of Sunrun during the first quarter valued at approximately $37,000. Duncker Streett & Co. Inc. acquired a new position in Sunrun during the second quarter worth about $36,000. Parallel Advisors LLC raised its position in Sunrun by 91.4% in the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after acquiring an additional 1,513 shares in the last quarter. CWM LLC lifted its holdings in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun during the 2nd quarter valued at about $45,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of several recent research reports. UBS Group increased their target price on shares of Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Piper Sandler upped their price objective on shares of Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Susquehanna lifted their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Sunrun in a research report on Wednesday. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Sunrun Price Performance

NASDAQ RUN opened at $18.29 on Thursday. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The stock’s 50-day moving average is $18.66 and its two-hundred day moving average is $14.56. The firm has a market cap of $4.09 billion, a P/E ratio of -2.74 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The business had revenue of $523.87 million for the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm’s revenue was down 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. On average, analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the transaction, the director now directly owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the transaction, the insider now directly owns 310,617 shares in the company, valued at $5,976,271.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,675 shares of company stock worth $3,253,289. 3.76% of the stock is owned by insiders.

About Sunrun

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.