U S Wealth Group LLC. Makes New $84,000 Investment in Sunrun Inc. $RUN

Key Points

• U S Wealth Group LLC acquired 14,407 shares of Sunrun Inc. in the first quarter, valued at approximately $84,000, as indicated in their recent SEC filing.
• Wall Street analysts have generally given Sunrun a positive outlook, with multiple firms raising their price targets and maintaining buy or overweight ratings.
• Sunrun reported strong quarterly earnings, with EPS of $1.07, significantly exceeding the consensus estimate of -$0.18, and revenue growth of 8.7% year-over-year.

U S Wealth Group LLC. bought a new position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,407 shares of the energy company's stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park West Asset Management LLC lifted its holdings in shares of Sunrun by 18.7% during the first quarter. Park West Asset Management LLC now owns 1,747,726 shares of the energy company's stock worth $10,242,000 after purchasing an additional 275,000 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Sunrun during the first quarter worth about $69,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company's stock worth $1,397,000 after purchasing an additional 5,882 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company's stock worth $192,000 after purchasing an additional 10,598 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Sunrun by 14.1% during the first quarter. Advisors Asset Management Inc. now owns 55,367 shares of the energy company's stock worth $324,000 after purchasing an additional 6,837 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RUN. JPMorgan Chase & Co. boosted their price target on Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets boosted their price target on Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a report on Thursday, August 7th. Mizuho boosted their price target on Sunrun from $13.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Susquehanna boosted their price target on Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised Sunrun from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $12.00 to $16.00 in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $14.63.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 7,077 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $16.75, for a total value of $118,539.75. Following the sale, the insider owned 415,126 shares of the company's stock, valued at $6,953,360.50. This trade represents a 1.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Paul S. Dickson sold 8,010 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the sale, the executive owned 679,044 shares of the company's stock, valued at approximately $7,340,465.64. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,314 shares of company stock worth $910,283 over the last ninety days. Company insiders own 3.37% of the company's stock.

Sunrun Price Performance

RUN stock traded up $0.17 during mid-day trading on Wednesday, reaching $16.20. The company's stock had a trading volume of 6,939,246 shares, compared to its average volume of 16,807,428. The company's 50 day moving average is $12.49 and its two-hundred day moving average is $9.24. The stock has a market cap of $3.74 billion, a PE ratio of -1.40 and a beta of 2.21. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $21.77.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, topping the consensus estimate of ($0.18) by $1.25. The business had revenue of $569.34 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Sunrun Company 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.