GAMMA Investing LLC Has $142,000 Stake in Sunrun Inc. $RUN

GAMMA Investing LLC raised its holdings in Sunrun Inc. (NASDAQ:RUN) by 41.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,364 shares of the energy company’s stock after purchasing an additional 5,095 shares during the quarter. GAMMA Investing LLC’s holdings in Sunrun were worth $142,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sylebra Capital LLC raised its holdings in shares of Sunrun by 23.8% in the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after buying an additional 1,590,169 shares during the last quarter. Erste Asset Management GmbH increased its position in Sunrun by 5.5% in the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock valued at $30,044,000 after acquiring an additional 264,024 shares in the last quarter. Amundi raised its stake in shares of Sunrun by 12.1% in the first quarter. Amundi now owns 3,479,021 shares of the energy company’s stock worth $20,686,000 after acquiring an additional 374,594 shares during the last quarter. Northern Trust Corp raised its stake in shares of Sunrun by 17.5% in the first quarter. Northern Trust Corp now owns 2,764,452 shares of the energy company’s stock worth $16,200,000 after acquiring an additional 410,800 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Sunrun by 25.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,500,000 shares of the energy company’s stock worth $14,650,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RUN shares. TD Cowen raised their price target on shares of Sunrun from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 7th. The Goldman Sachs Group upped their price objective on Sunrun from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a report on Friday, August 15th. JPMorgan Chase & Co. upped their price objective on Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.94.

Insider Activity

In other news, CEO Mary Powell sold 11,509 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the transaction, the chief executive officer owned 893,240 shares in the company, valued at $9,646,992. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Ferber sold 10,927 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the transaction, the director owned 54,947 shares of the company’s stock, valued at $617,604.28. This trade represents a 16.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,136 shares of company stock valued at $1,076,538. 3.37% of the stock is currently owned by company insiders.

Sunrun Stock Up 0.6%

Shares of NASDAQ RUN opened at $17.78 on Tuesday. The stock has a market cap of $4.10 billion, a P/E ratio of -1.53 and a beta of 2.21. The firm has a 50 day moving average price of $14.25 and a 200 day moving average price of $10.18. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $18.63.

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

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.