Sunrun Inc. $RUN Stock Position Lifted by Amundi

Amundi grew its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,479,021 shares of the energy company's stock after purchasing an additional 374,594 shares during the period. Amundi owned approximately 1.52% of Sunrun worth $20,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Sunrun by 14.7% in the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock valued at $72,000 after purchasing an additional 1,571 shares during the period. Alterna Wealth Management Inc. grew its holdings in Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after acquiring an additional 1,720 shares during the period. 49 Wealth Management LLC grew its holdings in Sunrun by 21.1% during the first quarter. 49 Wealth Management LLC now owns 14,759 shares of the energy company's stock worth $86,000 after acquiring an additional 2,567 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Sunrun by 8.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 35,399 shares of the energy company's stock worth $209,000 after acquiring an additional 2,778 shares during the period. Finally, Norden Group LLC grew its holdings in Sunrun by 1.5% during the first quarter. Norden Group LLC now owns 195,202 shares of the energy company's stock worth $1,144,000 after acquiring an additional 2,876 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Activity at Sunrun

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the sale, the director directly owned 54,947 shares in the company, valued at $617,604.28. This represents a 16.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeanna Steele sold 7,077 shares of the company's 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 represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,314 shares of company stock valued at $910,283 over the last three months. Insiders own 3.37% of the company's stock.

Sunrun Trading Up 1.1%

NASDAQ RUN traded up $0.17 during trading hours on Wednesday, hitting $16.20. 6,939,246 shares of the company's stock were exchanged, compared to its average volume of 16,461,262. The business's 50 day moving average is $12.64 and its 200-day moving average is $9.29. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $21.77. The firm has a market capitalization of $3.74 billion, a P/E ratio of -1.40 and a beta of 2.21. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RUN has been the topic of a number of recent analyst reports. Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a report on Friday, August 15th. Wells Fargo & Company lifted their price objective on Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. TD Cowen lifted their price objective on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Monday, July 7th. Finally, KeyCorp upgraded Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sunrun currently has an average rating of "Moderate Buy" and an average price target of $14.63.

About Sunrun

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.