Nicola Wealth Management LTD. Decreases Position in Sunrun Inc. $RUN

Nicola Wealth Management LTD. cut its position in Sunrun Inc. (NASDAQ:RUN) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 149,000 shares of the energy company’s stock after selling 9,000 shares during the period. Nicola Wealth Management LTD. owned approximately 0.07% of Sunrun worth $873,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RUN. Apollon Wealth Management LLC purchased a new position in Sunrun in the first quarter worth about $60,000. US Bancorp DE raised its holdings in Sunrun by 107.6% in the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after buying an additional 5,342 shares during the last quarter. PharVision Advisers LLC purchased a new position in Sunrun in the first quarter worth about $69,000. Alterna Wealth Management Inc. raised its holdings in Sunrun by 16.6% in the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock worth $71,000 after buying an additional 1,720 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Sunrun by 14.7% in the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock worth $72,000 after buying an additional 1,571 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $16.01 on Friday. The firm has a 50 day moving average of $12.75 and a 200 day moving average of $9.34. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -1.38 and a beta of 2.21. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $21.77.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. On average, research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the subject of several recent analyst reports. Royal Bank Of Canada raised shares of Sunrun from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $16.00 in a report on Monday, August 18th. Wells Fargo & Company boosted their price objective on shares of Sunrun from $8.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. TD Cowen boosted their price objective on shares of Sunrun from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, BNP Paribas Exane raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.81.

Insider Activity at Sunrun

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 sale, the director directly 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 filing with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 2,577 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $16.92, for a total transaction of $43,602.84. Following the sale, the executive owned 676,467 shares of the company’s stock, valued at $11,445,821.64. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,136 shares of company stock valued at $1,076,538 in the last three months. Corporate insiders own 3.37% of the company’s stock.

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.