Sunrun Inc. (NASDAQ:RUN) Stock Position Lowered by SIR Capital Management L.P.

SIR Capital Management L.P. decreased its position in Sunrun Inc. (NASDAQ:RUN) by 70.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 464,588 shares of the energy company’s stock after selling 1,091,288 shares during the quarter. SIR Capital Management L.P. owned about 0.21% of Sunrun worth $5,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RUN. Truist Financial Corp acquired a new position in Sunrun in the fourth quarter worth approximately $307,000. Victory Capital Management Inc. grew its holdings in shares of Sunrun by 579.1% in the 4th quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock worth $5,078,000 after acquiring an additional 220,605 shares during the last quarter. Spire Wealth Management raised its position in shares of Sunrun by 286.2% during the fourth quarter. Spire Wealth Management now owns 5,395 shares of the energy company’s stock worth $106,000 after purchasing an additional 3,998 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sunrun by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,231,970 shares of the energy company’s stock valued at $24,184,000 after purchasing an additional 29,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Sunrun by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock worth $54,617,000 after purchasing an additional 179,688 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Down 4.8 %

Shares of RUN stock opened at $17.29 on Tuesday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The stock has a fifty day moving average price of $17.51 and a 200 day moving average price of $13.98. The stock has a market cap of $3.87 billion, a P/E ratio of -2.59 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. The firm had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Analysts predict that Sunrun Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RUN has been the topic of several recent analyst reports. Truist Financial reissued a “hold” rating and set a $18.00 target price (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. StockNews.com raised Sunrun to a “sell” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Evercore ISI dropped their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Susquehanna boosted their price objective on shares of Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.98.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the transaction, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanna Steele sold 2,513 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.61, for a total transaction of $31,688.93. Following the completion of the sale, the insider now directly owns 312,774 shares of the company’s stock, valued at approximately $3,944,080.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,293 shares of company stock valued at $3,249,709. 3.76% of the stock is owned by insiders.

Sunrun Company 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.