Public Sector Pension Investment Board Buys 151,474 Shares of Sunrun Inc. $RUN

Public Sector Pension Investment Board raised its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 711,391 shares of the energy company's stock after buying an additional 151,474 shares during the quarter. Public Sector Pension Investment Board owned about 0.31% of Sunrun worth $4,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Greenvale Capital LLP increased 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. increased 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 increased its holdings in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after buying an additional 3,699,405 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after buying an additional 1,427,858 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its holdings in Sunrun by 92.8% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 3,597,600 shares of the energy company's stock valued at $33,278,000 after buying an additional 1,732,000 shares during the period. 91.69% of the stock is owned by institutional investors.

Insider Activity at Sunrun

In other news, CRO Paul S. Dickson sold 8,010 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.81, for a total transaction of $86,588.10. Following the sale, the executive directly owned 679,044 shares in the company, valued at approximately $7,340,465.64. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 11,509 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $124,297.20. Following the sale, the chief executive officer owned 893,240 shares in the company, valued at approximately $9,646,992. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,283 shares of company stock valued at $836,110. Corporate insiders own 3.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on RUN shares. BNP Paribas Exane raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 target price on the stock in a report on Monday, July 7th. The Goldman Sachs Group increased their target price on shares of Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Jefferies Financial Group raised shares of Sunrun from an "underperform" rating to a "hold" rating and increased their target price for the stock from $5.00 to $11.00 in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Sunrun from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $11.00 target price on shares of Sunrun in a report on Wednesday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.63.

Sunrun Trading Down 0.1%

Shares of NASDAQ:RUN traded down $0.02 during midday trading on Wednesday, hitting $15.47. 16,791,730 shares of the stock were exchanged, compared to its average volume of 17,360,914. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -1.33 and a beta of 2.37. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The business's 50-day moving average price is $9.91 and its 200 day moving average price is $8.44. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last released 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. The company had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. Analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current 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.