US Bancorp DE Has $60,000 Stake in Sunrun Inc. $RUN

US Bancorp DE raised its stake in Sunrun Inc. (NASDAQ:RUN) by 107.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,307 shares of the energy company’s stock after buying an additional 5,342 shares during the quarter. US Bancorp DE’s holdings in Sunrun were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new position in Sunrun in the first quarter valued at about $134,000. Norden Group LLC lifted its stake in Sunrun by 1.5% in the first quarter. Norden Group LLC now owns 195,202 shares of the energy company’s stock valued at $1,144,000 after buying an additional 2,876 shares during the period. Phoenix Financial Ltd. lifted its stake in Sunrun by 19.4% in the first quarter. Phoenix Financial Ltd. now owns 135,187 shares of the energy company’s stock valued at $792,000 after buying an additional 22,000 shares during the period. Drive Wealth Management LLC lifted its stake in Sunrun by 99.2% in the first quarter. Drive Wealth Management LLC now owns 47,813 shares of the energy company’s stock valued at $280,000 after buying an additional 23,809 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Sunrun by 34.7% in the first quarter. Cetera Investment Advisers now owns 87,569 shares of the energy company’s stock valued at $513,000 after buying an additional 22,547 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. BMO Capital Markets raised their price target on Sunrun from $8.00 to $10.00 and gave the stock an “underperform” rating in a research report on Thursday, August 7th. Susquehanna raised their price target on Sunrun from $12.00 to $13.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised Sunrun from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $12.00 to $16.00 in a research report on Monday. Finally, TD Cowen raised their price target on Sunrun from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.63.

Sunrun Stock Performance

RUN opened at $15.50 on Tuesday. The business has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $8.39. The company has a market capitalization of $3.58 billion, a PE ratio of -1.34 and a beta of 2.37. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The business had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. Research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Sunrun news, CFO Danny Abajian sold 8,909 shares of Sunrun stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the transaction, the chief financial officer directly owned 446,797 shares of the company’s stock, valued at $4,825,407.60. The trade was a 1.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Ferber sold 10,927 shares of Sunrun stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total value of $122,819.48. Following the completion of the transaction, the director directly owned 54,947 shares of the company’s stock, valued at $617,604.28. This represents a 16.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,866 shares of company stock worth $553,083 over the last three months. 3.37% of the stock is currently owned by corporate insiders.

Sunrun 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.