B. Riley Wealth Advisors Inc. Invests $667,000 in Sunrun Inc. $RUN

B. Riley Wealth Advisors Inc. bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 81,578 shares of the energy company’s stock, valued at approximately $667,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RUN. PGGM Investments grew its position in Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after acquiring an additional 5,325,332 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in Sunrun by 169.5% during the first quarter. Quantitative Investment Management LLC now owns 571,479 shares of the energy company’s stock worth $3,348,000 after buying an additional 359,463 shares during the period. Erste Asset Management GmbH raised its stake in shares of Sunrun by 5.5% during the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock worth $30,044,000 after acquiring an additional 264,024 shares in the last quarter. Greenleaf Trust purchased a new stake in Sunrun during the 2nd quarter worth approximately $121,000. Finally, FORA Capital LLC acquired a new position in Sunrun in the 1st quarter worth approximately $839,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 1.1%

Shares of RUN opened at $17.54 on Wednesday. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44. The company has a market capitalization of $4.07 billion, a PE ratio of -1.57 and a beta of 2.35. The stock has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $14.80. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The firm had revenue of $724.56 million for the quarter, compared to analysts’ expectations of $601.15 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RUN shares. Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and boosted their target price for the company from $11.00 to $21.00 in a research note on Wednesday, October 1st. Morgan Stanley lifted their price target on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price objective on Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Wells Fargo & Company lifted their target price on shares of Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, Susquehanna raised their price target on shares of Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $19.58.

Insider Buying and Selling

In other Sunrun news, Director Edward Harris Fenster sold 133,256 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $18.11, for a total transaction of $2,413,266.16. Following the completion of the sale, the director owned 1,474,926 shares of the company’s stock, valued at $26,710,909.86. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total value of $965,500.00. Following the completion of the sale, the director owned 850,482 shares in the company, valued at $16,422,807.42. This represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 412,749 shares of company stock valued at $7,923,416 in the last ninety days. Company insiders own 3.37% of the company’s stock.

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.