Precocity Capital LP acquired a new stake in Sunrun Inc. (NASDAQ:RUN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 400,000 shares of the energy company’s stock, valued at approximately $2,220,000. Precocity Capital LP owned approximately 0.37% of Sunrun at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of RUN. UBS Asset Management Americas Inc. increased its position in shares of Sunrun by 155.8% in the first quarter. UBS Asset Management Americas Inc. now owns 43,486 shares of the energy company’s stock valued at $235,000 after buying an additional 26,486 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Sunrun by 4.8% in the first quarter. California Public Employees Retirement System now owns 44,000 shares of the energy company’s stock worth $238,000 after acquiring an additional 2,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunrun by 7.4% in the first quarter. Vanguard Group Inc. now owns 5,483,858 shares of the energy company’s stock worth $29,613,000 after acquiring an additional 375,782 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Sunrun by 4.7% in the first quarter. Geode Capital Management LLC now owns 550,292 shares of the energy company’s stock worth $2,971,000 after acquiring an additional 24,774 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Sunrun by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 228,538 shares of the energy company’s stock worth $1,235,000 after acquiring an additional 13,338 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
A number of brokerages have recently issued reports on RUN. Bank of America reaffirmed a “neutral” rating and issued a $8.00 price target (up from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. Oppenheimer reaffirmed a “buy” rating and issued a $10.00 price target on shares of Sunrun in a research note on Thursday, November 9th. BidaskClub lowered Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Barclays lifted their price target on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research lowered Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and an average target price of $7.88.
Shares of Sunrun Inc. (NASDAQ:RUN) opened at $5.56 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.72 and a quick ratio of 0.60. The stock has a market capitalization of $611.89, a P/E ratio of 6.59 and a beta of -0.68. Sunrun Inc. has a 12 month low of $4.21 and a 12 month high of $7.78.
Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.11. The company had revenue of $141.29 million for the quarter, compared to analyst estimates of $146.56 million. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. research analysts predict that Sunrun Inc. will post 0.64 EPS for the current fiscal year.
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Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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