Sunrun Inc. $RUN Position Increased by Spire Wealth Management

Spire Wealth Management boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 960.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the energy company’s stock after purchasing an additional 4,800 shares during the quarter. Spire Wealth Management’s holdings in Sunrun were worth $43,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RUN. Jennison Associates LLC bought a new stake in Sunrun in the second quarter valued at $415,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Sunrun by 12.0% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock valued at $110,000 after purchasing an additional 1,442 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Sunrun by 7,260.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,118 shares of the energy company’s stock valued at $999,000 after purchasing an additional 120,459 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Sunrun by 199,959.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 44,013 shares of the energy company’s stock valued at $360,000 after purchasing an additional 43,991 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in Sunrun in the 2nd quarter worth about $240,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sunrun

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total value of $122,819.48. Following the transaction, the director owned 54,947 shares of the company’s stock, valued at approximately $617,604.28. This represents a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 25,614 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total value of $512,280.00. Following the sale, the executive directly owned 655,734 shares of the company’s stock, valued at approximately $13,114,680. This represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 316,956 shares of company stock valued at $5,952,165 in the last 90 days. 3.37% of the stock is owned by corporate insiders.

Sunrun Price Performance

Shares of Sunrun stock opened at $20.42 on Friday. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. 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 stock has a market cap of $4.71 billion, a PE ratio of -1.76 and a beta of 2.35. The company’s 50-day moving average price is $18.41 and its two-hundred day moving average price is $12.76.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $724.56 million for the quarter, compared to analysts’ expectations of $601.15 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The business’s revenue was up 34.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RUN. Deutsche Bank Aktiengesellschaft lifted their price target on Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research note on Friday, August 15th. Jefferies Financial Group raised Sunrun from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their price objective on shares of Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.60.

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.