Sunrun Inc. (NASDAQ:RUN) Stake Decreased by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 32.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,255 shares of the energy company's stock after selling 41,115 shares during the period. Edgestream Partners L.P.'s holdings in Sunrun were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RUN. Raymond James Financial Inc. bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $867,000. Swiss National Bank raised its holdings in shares of Sunrun by 1.6% during the fourth quarter. Swiss National Bank now owns 439,700 shares of the energy company's stock valued at $4,067,000 after buying an additional 7,000 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $189,000. Xponance Inc. raised its holdings in shares of Sunrun by 13.2% during the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock valued at $150,000 after buying an additional 1,895 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Sunrun by 2.2% during the fourth quarter. Quantbot Technologies LP now owns 252,390 shares of the energy company's stock valued at $2,335,000 after acquiring an additional 5,497 shares during the period. Institutional investors own 91.69% of the company's stock.

Sunrun Stock Up 2.8%

RUN stock opened at $10.24 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a fifty day simple moving average of $8.97 and a 200 day simple moving average of $8.23. The firm has a market cap of $2.34 billion, a PE ratio of -0.84 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) EPS. Sell-side analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on RUN. BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and lowered their price objective for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. BNP Paribas Exane upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research note on Monday, July 7th. KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. The Goldman Sachs Group raised their price objective on shares of Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Citigroup restated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sunrun has an average rating of "Hold" and an average target price of $14.22.

Insider Buying and Selling at Sunrun

In related news, insider Jeanna Steele sold 3,668 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $39,614.40. Following the sale, the insider owned 439,620 shares of the company's stock, valued at $4,747,896. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Danny Abajian sold 8,909 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $96,217.20. Following the completion of the sale, the chief financial officer directly owned 446,797 shares in the company, valued at approximately $4,825,407.60. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,939 shares of company stock valued at $430,264 in the last three months. Company insiders own 3.37% of the company's stock.

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.

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