531,371 Shares in Sunrun Inc. $RUN Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners LP acquired 531,371 Sunrun shares in the third quarter, worth about $4.13 million and representing 0.22% of the company. Institutional investors collectively own 91.69% of Sunrun’s stock.
• Sunrun reported third-quarter EPS of $0.56, beating the $0.16 estimate, while revenue of $1.10 billion exceeded expectations and rose 51.7% year over year.
• Management expects about $200 million in cash generation in 2026 and plans to double its 5 GWh storage capacity by the end of 2028; however, solar installations fell 15% year over year, and some analysts lowered their price targets.

CenterBook Partners LP bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 531,371 shares of the energy company's stock, valued at approximately $4,129,000. CenterBook Partners LP owned 0.22% of Sunrun at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RUN. Allworth Financial LP bought a new stake in shares of Sunrun during the 2nd quarter valued at $25,000. Summit Securities Group LLC purchased a new position in Sunrun during the first quarter valued at $36,000. Nykredit A S bought a new stake in Sunrun during the second quarter valued at about $78,000. Prime Capital Investment Advisors LLC bought a new stake in Sunrun during the third quarter valued at about $80,000. Finally, Quantbot Technologies LP bought a new stake in Sunrun during the second quarter valued at about $125,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported Q3 adjusted EPS of $0.56, ahead of analyst estimates, and revenue of $1.10 billion versus expectations of about $758 million. Revenue grew 51.7% year over year, providing a strong catalyst for the shares. Q3 earnings roundup
• Positive Sentiment: Management expects roughly $200 million in cash generation for 2026 and described its cash-flow outlook as meaningfully positive. Sunrun also reached 5 GWh of storage capacity and aims to double capacity by the end of 2028, supporting its growth opportunity in batteries and grid services. Cash-generation and storage plans
• Neutral Sentiment: Several analysts lowered their price targets but kept positive ratings: RBC cut its target to $10 while maintaining “outperform”; JPMorgan lowered its target to $11 with “overweight,” and Citi reduced its target to $13 with “buy.” The cuts temper optimism, though the firms remain constructive. RBC analyst recommendation
• Negative Sentiment: Q3 solar installations fell 15% year over year, and coverage of the results noted that Sunrun guided toward the low end of its outlook. These operating and guidance concerns could limit the earnings-driven upside. Installations and storage milestone

Insiders Place Their Bets

In other Sunrun news, CAO Maria Barak sold 3,256 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $9.35, for a total value of $30,443.60. Following the completion of the transaction, the chief accounting officer directly owned 85,006 shares in the company, valued at $794,806.10. This represents a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Powell sold 24,335 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $188,839.60. Following the sale, the chief executive officer directly owned 1,087,200 shares of the company's stock, valued at approximately $8,436,672. This trade represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 71,975 shares of company stock worth $563,721 over the last ninety days. 3.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on RUN. Mizuho set a $18.00 price objective on Sunrun in a research note on Thursday, August 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Sunrun in a research report on Thursday. Wells Fargo & Company cut their price objective on Sunrun from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, August 14th. Weiss Ratings raised shares of Sunrun from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, October 9th. Finally, Barclays reduced their target price on shares of Sunrun from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.04.

Sunrun Price Performance

NASDAQ:RUN opened at $9.98 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 3.22. The business's 50-day simple moving average is $8.13 and its two-hundred day simple moving average is $12.26. The stock has a market cap of $2.40 billion, a PE ratio of 5.04 and a beta of 2.35. Sunrun Inc. has a 52 week low of $6.78 and a 52 week high of $21.95.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $757.53 million. Sunrun had a return on equity of 12.31% and a net margin of 14.01%. The firm's revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. As a group, analysts forecast that Sunrun Inc. will post 1.55 EPS for the current fiscal year.

About Sunrun

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.

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