AMG National Trust Bank Makes New $1.60 Million Investment in Sunrun Inc. (NASDAQ:RUN)

AMG National Trust Bank purchased a new position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 272,977 shares of the energy company's stock, valued at approximately $1,600,000. AMG National Trust Bank owned approximately 0.12% of Sunrun at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Hussman Strategic Advisors Inc. acquired a new stake in shares of Sunrun during the 1st quarter worth approximately $615,000. Apollon Wealth Management LLC acquired a new stake in Sunrun in the first quarter valued at approximately $60,000. CWM LLC boosted its position in Sunrun by 1,064.7% in the first quarter. CWM LLC now owns 31,890 shares of the energy company's stock valued at $187,000 after buying an additional 29,152 shares in the last quarter. Ballentine Partners LLC boosted its position in Sunrun by 199.6% in the first quarter. Ballentine Partners LLC now owns 31,019 shares of the energy company's stock valued at $182,000 after buying an additional 20,665 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in Sunrun by 15.7% in the first quarter. Diversify Wealth Management LLC now owns 280,500 shares of the energy company's stock valued at $1,644,000 after buying an additional 38,115 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 11,509 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the transaction, the chief executive officer owned 893,240 shares of the company's stock, valued at $9,646,992. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $10.87 per share, with a total value of $543,500.00. Following the purchase, the director owned 1,408,182 shares in the company, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 41,939 shares of company stock worth $430,264 in the last ninety days. Insiders own 3.37% of the company's stock.

Analyst Ratings Changes

RUN has been the topic of a number of research analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $11.00 target price on shares of Sunrun in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Sunrun from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Truist Financial reaffirmed a "hold" rating and set a $6.00 price target (down previously from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Glj Research downgraded shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Finally, Wells Fargo & Company dropped their price target on shares of Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.22.

Sunrun Stock Up 2.8%

Sunrun stock opened at $10.24 on Friday. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.26. The stock has a market cap of $2.34 billion, a PE ratio of -0.84 and a beta of 2.60. The firm's 50-day simple moving average is $8.97 and its 200 day simple moving average is $8.23. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts predict that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

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.

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