Sunrun Inc. (NASDAQ:RUN) Shares Bought by WNY Asset Management LLC

WNY Asset Management LLC grew its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 217.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,885 shares of the energy company's stock after buying an additional 51,321 shares during the period. WNY Asset Management LLC's holdings in Sunrun were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AMG National Trust Bank acquired a new position in Sunrun in the 1st quarter valued at $1,600,000. Hussman Strategic Advisors Inc. acquired a new position in Sunrun in the 1st quarter valued at $615,000. Apollon Wealth Management LLC acquired a new position in Sunrun in the 1st quarter valued at $60,000. CWM LLC raised its holdings in shares of Sunrun by 1,064.7% during the 1st quarter. CWM LLC now owns 31,890 shares of the energy company's stock worth $187,000 after buying an additional 29,152 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Sunrun by 199.6% during the 1st quarter. Ballentine Partners LLC now owns 31,019 shares of the energy company's stock worth $182,000 after buying an additional 20,665 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RUN shares. Jefferies Financial Group raised Sunrun from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $5.00 to $11.00 in a report on Wednesday, July 9th. KeyCorp raised Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Citigroup reissued a "neutral" rating and issued a $7.00 price objective on shares of Sunrun in a research note on Thursday, April 17th. Glj Research downgraded Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Finally, Truist Financial reaffirmed a "hold" rating and set a $6.00 price target (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $14.30.

Sunrun Price Performance

Shares of NASDAQ RUN traded down $0.19 during mid-day trading on Thursday, hitting $10.46. 17,143,670 shares of the company's stock traded hands, compared to its average volume of 17,018,146. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a market capitalization of $2.39 billion, a P/E ratio of -0.86 and a beta of 2.60. The company's 50-day moving average is $8.90 and its two-hundred day moving average is $8.25.

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

Insider Activity

In other Sunrun news, CEO Mary Powell sold 11,509 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the sale, the chief executive officer directly owned 893,240 shares in the company, valued at $9,646,992. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 3,668 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.80, for a total transaction of $39,614.40. Following the completion of the transaction, the insider directly owned 439,620 shares of the company's stock, valued at approximately $4,747,896. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,939 shares of company stock valued at $430,264. 3.37% of the stock is currently owned by corporate insiders.

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.