Teacher Retirement System of Texas Buys New Position in Sunrun Inc. (NASDAQ:RUN)

Teacher Retirement System of Texas acquired a new position in Sunrun Inc. (NASDAQ:RUN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,790 shares of the energy company's stock, valued at approximately $192,000.

Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Sunrun during the 4th quarter worth about $29,000. Summit Securities Group LLC acquired a new position in shares of Sunrun during the 4th quarter worth about $53,000. Sterling Capital Management LLC raised its position in shares of Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after purchasing an additional 6,129 shares during the last quarter. Alterna Wealth Management Inc. raised its position in shares of Sunrun by 16.6% during the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after purchasing an additional 1,720 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after purchasing an additional 1,571 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RUN. BMO Capital Markets downgraded shares of Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Morgan Stanley restated an "equal weight" rating and set a $11.00 price target on shares of Sunrun in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped 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. Glj Research cut shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Finally, BNP Paribas raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $14.30.

Sunrun Stock Down 0.8%

Shares of NASDAQ RUN traded down $0.08 during trading on Thursday, reaching $10.56. 13,301,218 shares of the stock were exchanged, compared to its average volume of 16,992,227. The business's 50-day moving average price is $8.94 and its 200 day moving average price is $8.24. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.26. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 3.89. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -0.87 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) earnings per share. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Insider Activity at Sunrun

In other 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 transaction of $39,614.40. Following the completion of the transaction, the insider owned 439,620 shares in the company, valued at approximately $4,747,896. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster purchased 50,000 shares of the stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $10.87 per share, with a total value of $543,500.00. Following the transaction, the director directly owned 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders sold 41,939 shares of company stock valued at $430,264 in the last ninety days. 3.37% of the stock is owned by insiders.

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.