Greenvale Capital LLP Buys 4,516,793 Shares of Sunrun Inc. (NASDAQ:RUN)

Greenvale Capital LLP lifted its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,500,000 shares of the energy company's stock after buying an additional 4,516,793 shares during the quarter. Sunrun comprises about 9.2% of Greenvale Capital LLP's 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 SEC.

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

Sunrun Price Performance

Shares of RUN opened at $9.38 on Friday. The business has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $9.04. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The stock has a market cap of $2.14 billion, a PE ratio of -5.15 and a beta of 2.66. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen lowered 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. Citigroup reiterated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Royal Bank of Canada reduced their price target on Sunrun from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday. Truist Financial reaffirmed a "hold" rating and issued a $6.00 price objective (down from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Finally, Susquehanna decreased their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Sunrun has a consensus rating of "Hold" and an average target price of $14.82.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 16,927 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the transaction, the chief financial officer now directly owns 231,279 shares of the company's stock, valued at $1,558,820.46. The trade was a 6.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,540 shares of company stock worth $1,050,944. Company insiders own 3.77% of the company's stock.

Sunrun 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.

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