Greenvale Capital LLP Has $124.88 Million Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Greenvale Capital LLP boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 50.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,500,000 shares of the energy company's stock after acquiring an additional 4,516,793 shares during the quarter. Sunrun accounts for about 9.2% of Greenvale Capital LLP's investment portfolio, making the stock its 3rd largest holding. Greenvale Capital LLP owned approximately 6.02% of Sunrun worth $124,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun in the fourth quarter worth $29,000. Newbridge Financial Services Group Inc. boosted its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after acquiring an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the third quarter worth about $44,000. Summit Securities Group LLC bought a new stake in shares of Sunrun in the 4th quarter worth approximately $53,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Sunrun during the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Sunrun Stock Performance

Shares of Sunrun stock traded up $0.03 on Thursday, reaching $12.73. 9,495,943 shares of the stock were exchanged, compared to its average volume of 11,059,570. The firm has a market capitalization of $2.91 billion, a PE ratio of -6.98 and a beta of 2.66. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26. The business has a fifty day moving average price of $7.06 and a two-hundred day moving average price of $8.99. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. During the same quarter in the prior year, the business posted ($0.40) earnings per share. Sunrun's revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In related news, CEO Mary Powell sold 31,197 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $210,267.78. Following the completion of the sale, the chief executive officer now directly owns 534,615 shares of the company's stock, valued at approximately $3,603,305.10. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Harris Fenster acquired 150,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 138,540 shares of company stock valued at $1,050,944 in the last ninety days. Corporate insiders own 3.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RUN. Royal Bank of Canada cut their price target on shares of Sunrun from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Truist Financial reissued a "hold" rating and issued a $6.00 price objective (down previously from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. TD Cowen decreased their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. BMO Capital Markets cut their price objective on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, March 3rd. Finally, Susquehanna decreased their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.92.

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.