Deutsche Bank AG Takes $12.48 Million Position in Sunrun Inc. $RUN

Deutsche Bank AG acquired a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 932,953 shares of the energy company's stock, valued at approximately $12,483,000. Deutsche Bank AG owned 0.39% of Sunrun at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RUN. Contour Asset Management LLC bought a new position in Sunrun during the 4th quarter worth approximately $98,010,000. Norges Bank purchased a new position in Sunrun in the 4th quarter worth approximately $62,169,000. Voloridge Investment Management LLC purchased a new position in Sunrun in the 3rd quarter worth approximately $40,193,000. Bank of New York Mellon Corp bought a new stake in Sunrun in the second quarter valued at approximately $18,120,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Sunrun in the third quarter valued at approximately $21,427,000. Institutional investors own 91.69% of the company's stock.

Sunrun Trading Down 2.1%

RUN opened at $9.16 on Friday. The business has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $13.46. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 6.19 and a beta of 2.35. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. Sunrun Inc. has a one year low of $8.61 and a one year high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share 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 firm had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same period last year, the company earned $1.07 EPS. The business's quarterly revenue was up 52.8% compared to the same quarter last year. Analysts predict that Sunrun Inc. will post 1.13 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mary Powell sold 23,985 shares of Sunrun stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the sale, the chief executive officer owned 1,111,535 shares in the company, valued at $14,661,146.65. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,495 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total transaction of $217,569.05. Following the transaction, the chief financial officer directly owned 420,318 shares in the company, valued at approximately $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 223,045 shares of company stock valued at $2,934,835 over the last three months. Insiders own 3.55% of the company's stock.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of analyst reports. TD Cowen dropped their price objective on Sunrun from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Royal Bank Of Canada lowered their price target on shares of Sunrun from $18.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Wells Fargo & Company dropped their price target on shares of Sunrun from $22.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, August 14th. Finally, Mizuho set a $18.00 price target on shares of Sunrun in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.81.

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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