Deutsche Bank AG Sells 1,142,014 Shares of Sunrun Inc. $RUN

Key Points

• Deutsche Bank AG reduced its stake in Sunrun Inc. by 68.7%, owning 520,477 shares valued at $3.05 million as of its latest SEC filing.
• Recent analyst reports have shown a mixed sentiment on Sunrun, with several firms raising their target prices; the stock has an average rating of "Moderate Buy" and a price target of $14.63.
• Sunrun's recent earnings report indicated a significant earnings beat, with an EPS of $1.07 compared to the consensus estimate of ($0.18), alongside a revenue of $569.34 million for the quarter.

Deutsche Bank AG decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 68.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 520,477 shares of the energy company's stock after selling 1,142,014 shares during the period. Deutsche Bank AG owned approximately 0.23% of Sunrun worth $3,050,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Sunrun by 14.7% during the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after purchasing an additional 1,571 shares during the last quarter. Alterna Wealth Management Inc. lifted its stake 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 purchasing an additional 1,720 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Sunrun by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock worth $253,000 after purchasing an additional 1,749 shares during the last quarter. 49 Wealth Management LLC lifted its stake 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 purchasing an additional 2,567 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Sunrun by 2.5% during the fourth quarter. EP Wealth Advisors LLC now owns 112,840 shares of the energy company's stock worth $1,044,000 after purchasing an additional 2,767 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Activity

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the transaction, the director owned 54,947 shares in the company, valued at approximately $617,604.28. This represents a 16.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 17,417 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $16.25, for a total value of $283,026.25. Following the transaction, the insider owned 422,203 shares in the company, valued at $6,860,798.75. This trade represents a 3.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,283 shares of company stock worth $836,110. Company insiders own 3.37% of the company's stock.

Sunrun Stock Up 9.9%

Shares of RUN stock traded up $1.46 during midday trading on Friday, reaching $16.20. 16,032,923 shares of the stock were exchanged, compared to its average volume of 19,223,926. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.26. The company's 50 day moving average is $10.29 and its two-hundred day moving average is $8.58. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The firm has a market cap of $3.74 billion, a PE ratio of -1.40 and a beta of 2.37.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $0.55 EPS. The business's revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. Oppenheimer lifted their price target on Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. KeyCorp upgraded Sunrun from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. BNP Paribas upgraded Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, BMO Capital Markets lifted their price objective on Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.