Counterpoint Mutual Funds LLC Invests $486,000 in Sunrun Inc. $RUN

Counterpoint Mutual Funds LLC purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,105 shares of the energy company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. increased its holdings in shares of Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after buying an additional 3,974,464 shares in the last quarter. Robeco Schweiz AG bought a new stake in Sunrun during the 3rd quarter worth approximately $36,969,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sunrun by 132.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock valued at $48,777,000 after purchasing an additional 1,609,803 shares in the last quarter. PGGM Investments raised its position in Sunrun by 17.8% in the 3rd quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock valued at $142,763,000 after purchasing an additional 1,249,683 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sunrun in the second quarter worth $9,668,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on RUN. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Sunrun in a report on Wednesday, January 21st. Raymond James Financial started coverage on shares of Sunrun in a research note on Monday, January 12th. They issued a “market perform” rating for the company. Guggenheim upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, November 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a report on Wednesday, December 17th. Finally, TD Cowen boosted their price objective on shares of Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.99.

Sunrun Stock Up 0.6%

Shares of NASDAQ:RUN opened at $20.10 on Wednesday. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company has a 50 day moving average of $19.13 and a 200-day moving average of $18.27. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -1.80 and a beta of 2.36.

Insider Buying and Selling

In other Sunrun news, CEO Mary Powell sold 8,754 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $155,821.20. Following the transaction, the chief executive officer owned 864,946 shares in the company, valued at approximately $15,396,038.80. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Danny Abajian sold 7,190 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $127,982.00. Following the transaction, the chief financial officer owned 405,518 shares of the company’s stock, valued at $7,218,220.40. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 518,800 shares of company stock worth $9,903,520 over the last 90 days. 3.37% of the stock is currently owned by corporate insiders.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.