Register Financial Advisors LLC Takes Position in Sunrun Inc. (NASDAQ:RUN)

Register Financial Advisors LLC bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,006 shares of the energy company’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RUN. Perpetual Ltd boosted its holdings in shares of Sunrun by 31.1% during the first quarter. Perpetual Ltd now owns 59,028 shares of the energy company’s stock worth $773,000 after acquiring an additional 14,000 shares during the period. Vanguard Group Inc. lifted its holdings in Sunrun by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock worth $384,394,000 after purchasing an additional 176,861 shares during the last quarter. Wellington Management Group LLP bought a new stake in Sunrun in the 4th quarter valued at $15,935,000. EP Wealth Advisors LLC grew its holdings in Sunrun by 20.4% in the 4th quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company’s stock valued at $419,000 after buying an additional 3,624 shares in the last quarter. Finally, Oracle Alpha Inc. bought a new position in Sunrun during the 4th quarter worth $376,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mary Powell sold 1,741 shares of Sunrun stock in a transaction on Friday, May 31st. The stock was sold at an average price of $14.86, for a total transaction of $25,871.26. Following the transaction, the chief executive officer now owns 589,927 shares in the company, valued at approximately $8,766,315.22. The disclosure for this sale can be found here. Insiders have sold a total of 427,143 shares of company stock valued at $5,502,579 in the last 90 days. 3.76% of the stock is owned by corporate insiders.

Sunrun Price Performance

Shares of RUN stock traded down $1.41 on Friday, reaching $11.86. The company had a trading volume of 43,233,618 shares, compared to its average volume of 13,329,209. The stock has a market capitalization of $2.63 billion, a PE ratio of -1.87 and a beta of 2.65. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. The business’s 50-day moving average is $12.45 and its 200 day moving average is $13.61. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. The business had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm’s revenue was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.12) EPS. Equities research analysts forecast that Sunrun Inc. will post -1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RUN shares. Jefferies Financial Group decreased their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Morgan Stanley raised their target price on shares of Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Mizuho cut their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Susquehanna lowered their price objective on Sunrun from $25.00 to $23.00 and set a “positive” rating on the stock in a research note on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

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.