Canada Pension Plan Investment Board Buys Shares of 152,300 Sunrun Inc. $RUN

Canada Pension Plan Investment Board purchased a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 152,300 shares of the energy company's stock, valued at approximately $2,038,000. Canada Pension Plan Investment Board owned 0.06% of Sunrun at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RUN. Allworth Financial LP bought a new stake in Sunrun during the second quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock worth $27,000 after purchasing an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Sunrun in the fourth quarter worth about $27,000. Hantz Financial Services Inc. lifted its position in shares of Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock valued at $28,000 after buying an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sunrun during the fourth quarter valued at about $30,000. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RUN. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $17.00 price objective on shares of Sunrun in a research report on Friday, May 8th. Mizuho set a $18.00 target price on shares of Sunrun in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research lowered shares of Sunrun from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company decreased their price objective on Sunrun from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, August 14th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sunrun presently has a consensus rating of "Hold" and an average price target of $16.81.

Sunrun Price Performance

Shares of RUN opened at $8.78 on Monday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. The company's fifty day moving average price is $11.08 and its 200-day moving average price is $13.05. Sunrun Inc. has a 1-year low of $8.61 and a 1-year high of $22.44. The firm has a market capitalization of $2.11 billion, a PE ratio of 5.93 and a beta of 2.36.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The company had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. During the same quarter last year, the business posted $1.07 EPS. The firm's quarterly revenue was up 52.8% on a year-over-year basis. On average, equities research analysts predict that Sunrun Inc. will post 1.18 EPS for the current year.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 15,613 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive directly owned 839,539 shares in the company, valued at $11,065,124.02. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 9,897 shares of Sunrun stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the sale, the insider directly owned 461,715 shares of the company's stock, valued at $6,090,020.85. This trade represents a 2.10% decrease in their position. 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. In the last ninety days, insiders sold 173,045 shares of company stock valued at $2,138,835. Insiders own 3.55% of the company's stock.

Sunrun 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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