Sunrun Inc. (NASDAQ:RUN) Shares Sold by Nia Impact Advisors LLC

Nia Impact Advisors LLC lowered its stake in Sunrun Inc. (NASDAQ:RUN) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,378 shares of the energy company’s stock after selling 4,010 shares during the quarter. Nia Impact Advisors LLC’s holdings in Sunrun were worth $1,096,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the second quarter valued at about $36,000. BNP Paribas acquired a new stake in Sunrun during the 1st quarter valued at approximately $37,000. CWM LLC increased its holdings in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sunrun in the 2nd quarter valued at approximately $45,000. Finally, Headlands Technologies LLC purchased a new position in shares of Sunrun during the 1st quarter valued at approximately $53,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Price Performance

RUN stock opened at $19.23 on Friday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The firm has a 50-day moving average of $18.05 and a two-hundred day moving average of $14.16. The firm has a market capitalization of $4.30 billion, a PE ratio of -2.88 and a beta of 2.59. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. On average, analysts forecast that Sunrun Inc. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research note on Thursday, August 8th. Barclays boosted their target price on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets increased their price target on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Evercore ISI cut their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $22.98.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 1,937 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the transaction, the director now directly owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of Sunrun stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the sale, the director now directly owns 334,761 shares of the company’s stock, valued at approximately $6,708,610.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,675 shares of company stock worth $2,848,789. 3.76% of the stock is currently owned by company insiders.

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.