Banco Bilbao Vizcaya Argentaria S.A. Has $371,000 Holdings in Sunrun Inc. $RUN

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 13.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,822 shares of the energy company’s stock after purchasing an additional 7,359 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Sunrun were worth $371,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new stake in shares of Sunrun during the first quarter worth $60,000. US Bancorp DE grew its holdings in Sunrun by 107.6% during the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after acquiring an additional 5,342 shares during the last quarter. Alterna Wealth Management Inc. increased its position in Sunrun by 16.6% in the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock valued at $71,000 after acquiring an additional 1,720 shares in the last quarter. GAMMA Investing LLC increased its position in Sunrun by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock valued at $72,000 after acquiring an additional 1,571 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in shares of Sunrun in the first quarter worth about $72,000. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

RUN has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Sunrun from an “underperform” rating to a “hold” rating and increased their price target for the company from $5.00 to $11.00 in a research note on Wednesday, July 9th. TD Cowen lifted their target price on Sunrun from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. KeyCorp upgraded Sunrun from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, July 8th. Cowen reiterated a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price objective on Sunrun from $8.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.63.

Insider Activity

In related news, Director Alan Ferber sold 10,927 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the transaction, the director owned 54,947 shares in the company, valued at approximately $617,604.28. The trade was a 16.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary Powell sold 11,509 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $124,297.20. Following the completion of the sale, the chief executive officer owned 893,240 shares in the company, valued at approximately $9,646,992. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,283 shares of company stock valued at $836,110. 3.37% of the stock is currently owned by company insiders.

Sunrun Stock Up 9.9%

Shares of Sunrun stock opened at $16.20 on Friday. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26. The business has a fifty day simple moving average of $10.29 and a 200 day simple moving average of $8.58. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The stock has a market cap of $3.74 billion, a PE ratio of -1.40 and a beta of 2.37.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. Research analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Sunrun 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.