GC Wealth Management RIA LLC Invests $1.22 Million in Sunrun Inc. $RUN

Key Points

• GC Wealth Management RIA LLC has invested approximately $1.22 million in Sunrun Inc., acquiring 149,050 shares of the energy company during the second quarter.
• Analysts have generally increased their price targets for Sunrun, with Oppenheimer raising theirs from $20.00 to $21.00 and Royal Bank Of Canada upgrading the stock to "outperform" with a target of $16.00.
• Sunrun reported a quarterly earnings per share (EPS) of $1.07, exceeding analysts' expectations and marking an 8.7% increase in revenue from the previous year.

GC Wealth Management RIA LLC bought a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 149,050 shares of the energy company's stock, valued at approximately $1,219,000. GC Wealth Management RIA LLC owned approximately 0.07% of Sunrun at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RUN. Sylebra Capital LLC raised its position in Sunrun by 23.8% in the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock valued at $48,482,000 after purchasing an additional 1,590,169 shares during the last quarter. Nuveen LLC acquired a new stake in Sunrun in the first quarter valued at $5,259,000. Goldman Sachs Group Inc. grew its holdings in Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company's stock worth $13,518,000 after purchasing an additional 718,955 shares during the period. PDT Partners LLC increased its holdings in shares of Sunrun by 1,019.5% during the 1st quarter. PDT Partners LLC now owns 779,310 shares of the energy company's stock worth $4,567,000 after acquiring an additional 709,699 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Sunrun by 25.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,500,000 shares of the energy company's stock valued at $14,650,000 after purchasing an additional 500,000 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RUN shares. Oppenheimer lifted their target price on Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. BMO Capital Markets upped their price target on shares of Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a report on Thursday, August 7th. Royal Bank Of Canada upgraded shares of Sunrun from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. TD Cowen upped their target price on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Susquehanna boosted their price target on Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.94.

Sunrun Stock Up 0.6%

Sunrun stock opened at $17.78 on Tuesday. The company has a market capitalization of $4.10 billion, a PE ratio of -1.53 and a beta of 2.21. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $18.63. The firm's fifty day moving average is $14.25 and its 200 day moving average is $10.18. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70.

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

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 7,077 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $16.75, for a total value of $118,539.75. Following the completion of the sale, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 3,142 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $16.93, for a total value of $53,194.06. Following the transaction, the chief executive officer directly owned 888,289 shares in the company, valued at $15,038,732.77. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,136 shares of company stock worth $1,076,538 over the last three months. Insiders own 3.37% of the company's stock.

Sunrun 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.

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