143,241 Shares in Sunrun Inc. $RUN Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC has acquired a new position in Sunrun Inc., purchasing 143,241 shares valued at approximately $839,000, representing 0.06% ownership of the company.
• In the most recent quarterly earnings, Sunrun reported $1.07 EPS, significantly beating analyst predictions of ($0.18) and showing an 8.7% revenue increase year-over-year.
• Brokerages have revised their price targets for Sunrun, with Mizuho raising it from $13.00 to $21.00, indicating a strong positive outlook for the stock.

FORA Capital LLC acquired a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 143,241 shares of the energy company's stock, valued at approximately $839,000. FORA Capital LLC owned 0.06% of Sunrun at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Greenvale Capital LLP raised its holdings in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after buying an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. raised its holdings in Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after buying an additional 10,294,947 shares during the period. Sylebra Capital LLC lifted its position in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after purchasing an additional 3,699,405 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sunrun by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after buying an additional 1,427,858 shares during the period. Finally, Erste Asset Management GmbH lifted its holdings in Sunrun by 5.5% during the 1st quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company's stock worth $30,044,000 after buying an additional 264,024 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sunrun news, CRO Paul S. Dickson sold 8,010 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the sale, the executive owned 679,044 shares of the company's stock, valued at approximately $7,340,465.64. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 7,077 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $16.75, for a total value of $118,539.75. Following the completion of the sale, the insider directly owned 415,126 shares of the company's stock, valued at approximately $6,953,360.50. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,360 shares of company stock valued at $954,649 in the last quarter. Corporate insiders own 3.37% of the company's stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several analyst reports. UBS Group boosted their price target on shares of Sunrun from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Cowen reissued a "buy" rating on shares of Sunrun in a report on Thursday, August 7th. BNP Paribas raised Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group raised Sunrun from an "underperform" rating to a "hold" rating and increased their price objective for the company from $5.00 to $11.00 in a report on Wednesday, July 9th. One equities 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 stock. According to MarketBeat, Sunrun has a consensus rating of "Moderate Buy" and an average price target of $14.63.

Sunrun Stock Performance

Shares of NASDAQ RUN traded down $0.40 during mid-day trading on Friday, hitting $15.97. 6,808,394 shares of the company were exchanged, compared to its average volume of 19,384,092. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The stock has a 50 day simple moving average of $11.23 and a 200-day simple moving average of $8.86. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $21.77. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -1.38 and a beta of 2.37.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $555.42 million. During the same period last year, the company earned $0.55 earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Sunrun Company Profile

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.