Amundi Has $45.84 Million Holdings in Sunrun Inc. $RUN

Amundi lifted its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,428,504 shares of the energy company's stock after buying an additional 127,878 shares during the quarter. Amundi owned about 1.42% of Sunrun worth $45,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sunrun during the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its position in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after purchasing an additional 564 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Sunrun in the fourth quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new position in shares of Sunrun in the fourth quarter valued at $31,000. Finally, UMB Bank n.a. raised its position in shares of Sunrun by 62.9% in the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company's stock valued at $32,000 after purchasing an additional 669 shares during the period. Institutional investors own 91.69% of the company's stock.

Sunrun Stock Performance

NASDAQ RUN opened at $8.63 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 5.83 and a beta of 2.37. The firm's 50 day simple moving average is $10.25 and its 200 day simple moving average is $12.37. Sunrun Inc. has a 1 year low of $8.22 and a 1 year high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19. The firm had revenue of $869.99 million during the quarter, compared to analysts' expectations of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The company's quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, research analysts expect that Sunrun Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, CAO Maria Barak sold 3,278 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.17, for a total value of $39,893.26. Following the completion of the transaction, the chief accounting officer directly owned 90,033 shares in the company, valued at approximately $1,095,701.61. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul Dickson sold 15,613 shares of Sunrun stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.18, for a total value of $205,779.34. Following the sale, the executive directly owned 839,539 shares in the company, valued at $11,065,124.02. The trade was a 1.83% 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 have sold a total of 171,015 shares of company stock worth $2,111,653 over the last 90 days. 3.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RUN has been the subject of several research analyst reports. Zacks Research downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. The Goldman Sachs Group lowered their price target on shares of Sunrun from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Oppenheimer restated an "outperform" rating and set a $20.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Citigroup reduced their price objective on Sunrun from $20.00 to $16.00 and set a "buy" rating for the company in a report on Friday, August 7th. Finally, Mizuho set a $18.00 target price on Sunrun in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunrun presently has an average rating of "Hold" and an average price target of $16.81.

Sunrun Company Profile

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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