2,734 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by FORA Capital LLC

FORA Capital LLC purchased a new position in Sunrun Inc. (NASDAQ:RUN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,734 shares of the energy company’s stock, valued at approximately $165,000.

Several other institutional investors have also modified their holdings of the stock. Man Group plc increased its stake in shares of Sunrun by 74.8% in the 1st quarter. Man Group plc now owns 86,785 shares of the energy company’s stock worth $5,249,000 after acquiring an additional 37,137 shares in the last quarter. California State Teachers Retirement System increased its stake in Sunrun by 5.8% during the 1st quarter. California State Teachers Retirement System now owns 251,485 shares of the energy company’s stock valued at $15,210,000 after purchasing an additional 13,705 shares in the last quarter. Viking Global Investors LP bought a new stake in Sunrun during the 1st quarter valued at about $265,880,000. Fred Alger Management LLC increased its stake in Sunrun by 27.1% during the 1st quarter. Fred Alger Management LLC now owns 291,415 shares of the energy company’s stock valued at $17,625,000 after purchasing an additional 62,192 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Sunrun by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,594 shares of the energy company’s stock valued at $4,983,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.

In other news, CFO Thomas Arthur Vonreichbauer sold 23,415 shares of Sunrun stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $44.30, for a total transaction of $1,037,284.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michelle Philpot sold 906 shares of Sunrun stock in a transaction that occurred on Tuesday, June 15th. The shares were sold at an average price of $43.66, for a total transaction of $39,555.96. Following the sale, the chief accounting officer now owns 34,925 shares in the company, valued at approximately $1,524,825.50. The disclosure for this sale can be found here. Insiders have sold 191,293 shares of company stock worth $8,928,488 in the last ninety days. Insiders own 4.40% of the company’s stock.

RUN has been the subject of a number of analyst reports. Guggenheim initiated coverage on shares of Sunrun in a research note on Wednesday, June 2nd. They set a “buy” rating for the company. Credit Suisse Group raised their price objective on shares of Sunrun from $81.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. KeyCorp dropped their price target on shares of Sunrun from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, May 18th. Zacks Investment Research downgraded shares of Sunrun from a “hold” rating to a “sell” rating in a report on Wednesday, June 16th. Finally, Morgan Stanley raised their price target on shares of Sunrun from $86.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, June 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $79.78.

Shares of NASDAQ:RUN opened at $53.00 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. Sunrun Inc. has a 1-year low of $35.79 and a 1-year high of $100.93. The firm’s 50 day moving average price is $48.37.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 5th. The energy company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). Sunrun had a negative net margin of 16.17% and a negative return on equity of 0.21%. The firm had revenue of $334.79 million for the quarter, compared to analysts’ expectations of $313.42 million. On average, equities research analysts predict that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

Recommended Story: S&P/TSX Index

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.