Union Bancaire Privee UBP SA Makes New $492,000 Investment in Sunrun Inc. $RUN

Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, Holdings Channel reports. The firm bought 28,460 shares of the energy company’s stock, valued at approximately $492,000.

Other hedge funds have also recently modified their holdings of the company. PGGM Investments grew its position in Sunrun by 316.6% in the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after acquiring an additional 5,325,332 shares during the last quarter. Quantitative Investment Management LLC boosted its stake in shares of Sunrun by 169.5% during the first quarter. Quantitative Investment Management LLC now owns 571,479 shares of the energy company’s stock valued at $3,348,000 after purchasing an additional 359,463 shares during the period. Greenleaf Trust bought a new position in shares of Sunrun in the second quarter worth about $121,000. FORA Capital LLC purchased a new position in Sunrun in the 1st quarter worth about $839,000. Finally, U S Wealth Group LLC. bought a new stake in Sunrun during the 1st quarter valued at about $84,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 6.2%

Shares of NASDAQ RUN opened at $18.14 on Friday. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The stock’s fifty day simple moving average is $19.11 and its two-hundred day simple moving average is $14.84. The stock has a market capitalization of $4.21 billion, a PE ratio of -1.62 and a beta of 2.35. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The firm had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. During the same period in the prior year, the business posted ($0.37) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, analysts expect that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on RUN. Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and upped their target price for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Sunrun in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sunrun in a report on Wednesday, October 8th. Finally, Susquehanna increased their price target on Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.58.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 1,870 shares of Sunrun stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $17.80, for a total value of $33,286.00. Following the transaction, the insider owned 359,919 shares of the company’s stock, valued at $6,406,558.20. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary Powell sold 2,890 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.80, for a total transaction of $51,442.00. Following the transaction, the chief executive officer owned 873,700 shares of the company’s stock, valued at approximately $15,551,860. This trade represents a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 412,749 shares of company stock worth $7,923,416. 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.