Wealth Enhancement Advisory Services LLC Takes $94,000 Position in Sunrun Inc. (NASDAQ:RUN)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,112 shares of the energy company’s stock, valued at approximately $94,000.

A number of other institutional investors have also recently made changes to their positions in RUN. Alyeska Investment Group L.P. boosted its holdings in shares of Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Sylebra Capital LLC boosted its holdings in shares of Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after acquiring an additional 3,699,405 shares during the last quarter. Norges Bank purchased a new position in shares of Sunrun in the fourth quarter worth approximately $31,022,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Sunrun in the fourth quarter worth approximately $18,500,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 9,942 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now owns 291,238 shares in the company, valued at $1,962,944.12. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edward Harris Fenster acquired 50,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the acquisition, the director now owns 1,408,182 shares of the company’s stock, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 88,993 shares of company stock worth $612,979. 3.37% of the stock is owned by corporate insiders.

Sunrun Stock Down 40.0%

NASDAQ RUN opened at $5.78 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89. The company has a fifty day moving average of $8.11 and a two-hundred day moving average of $8.43. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -0.48 and a beta of 2.61. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.26.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) earnings per share. On average, analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RUN shares. The Goldman Sachs Group raised their price objective on shares of Sunrun from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, May 19th. Citigroup reissued a “neutral” rating and issued a $7.00 price objective on shares of Sunrun in a report on Thursday, April 17th. TD Cowen dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Truist Financial reissued a “hold” rating and issued a $6.00 price objective (down previously from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.72.

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.