Sunrun Inc. $RUN Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Sunrun Inc. (NASDAQ:RUN) by 64.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,319 shares of the energy company’s stock after purchasing an additional 55,677 shares during the quarter. SG Americas Securities LLC owned 0.06% of Sunrun worth $2,619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RUN. Sycomore Asset Management purchased a new position in shares of Sunrun during the third quarter valued at $28,000. Optiver Holding B.V. purchased a new stake in Sunrun in the 3rd quarter worth about $31,000. Advisory Services Network LLC acquired a new stake in Sunrun during the 3rd quarter worth about $38,000. Resources Management Corp CT ADV grew its stake in Sunrun by 1,085.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock valued at $39,000 after acquiring an additional 2,062 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new position in Sunrun during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

NASDAQ:RUN opened at $13.50 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 7.89 and a beta of 2.37. The stock’s 50 day moving average price is $16.01 and its 200 day moving average price is $17.80. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The company’s revenue was up 123.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. On average, research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RUN shares. Jefferies Financial Group lowered shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Mizuho cut their target price on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Loop Capital set a $12.00 target price on shares of Sunrun in a research note on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a report on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.58.

Insiders Place Their Bets

In related news, CAO Maria Barak sold 1,630 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $18.55, for a total transaction of $30,236.50. Following the transaction, the chief accounting officer directly owned 85,643 shares in the company, valued at $1,588,677.65. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward Harris Fenster sold 163,844 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $19.95, for a total value of $3,268,687.80. Following the completion of the sale, the director owned 1,578,895 shares of the company’s stock, valued at $31,498,955.25. This represents a 9.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 366,432 shares of company stock valued at $6,345,395 in the last quarter. 3.37% of the stock is currently owned by insiders.

Sunrun Company Profile

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.