Nicola Wealth Management LTD. Has $2.16 Million Stock Position in Sunrun Inc. (NASDAQ:RUN)

Nicola Wealth Management LTD. reduced its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the energy company's stock after selling 110,000 shares during the quarter. Nicola Wealth Management LTD. owned 0.05% of Sunrun worth $2,159,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RUN. Vanguard Group Inc. lifted its position in Sunrun by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,405,097 shares of the energy company's stock worth $243,728,000 after buying an additional 126,321 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Sunrun by 35.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company's stock worth $178,127,000 after purchasing an additional 3,748,696 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Sunrun by 3.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,593,210 shares of the energy company's stock worth $133,051,000 after purchasing an additional 324,272 shares during the last quarter. Invesco Ltd. increased its stake in shares of Sunrun by 6.2% during the 3rd quarter. Invesco Ltd. now owns 7,137,991 shares of the energy company's stock worth $89,653,000 after purchasing an additional 416,747 shares during the last quarter. Finally, Robeco Schweiz AG increased its stake in shares of Sunrun by 35.8% during the 3rd quarter. Robeco Schweiz AG now owns 3,581,300 shares of the energy company's stock worth $44,981,000 after purchasing an additional 945,000 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Down 2.9 %

Shares of RUN traded down $0.36 during trading hours on Friday, hitting $11.89. 8,590,851 shares of the stock were exchanged, compared to its average volume of 13,628,102. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The business has a 50-day moving average of $11.32 and a 200-day moving average of $13.24. The firm has a market capitalization of $2.64 billion, a P/E ratio of -1.78 and a beta of 2.50.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million during the quarter, compared to analysts' expectations of $471.38 million. During the same period in the prior year, the company posted ($1.12) earnings per share. Sunrun's revenue for the quarter was down 22.3% compared to the same quarter last year. On average, research analysts expect that Sunrun Inc. will post -1.83 EPS for the current year.

Insider Buying and Selling

In related news, Director Alan Ferber bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $9.73 per share, with a total value of $97,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $97,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the transaction, the director now directly owns 1,403,915 shares of the company's stock, valued at $17,015,449.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Ferber acquired 10,000 shares of the company's stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $97,300. The disclosure for this purchase can be found here. Insiders have sold a total of 301,760 shares of company stock valued at $3,615,990 over the last ninety days. 3.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RUN shares. BMO Capital Markets increased their price target on shares of Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. Truist Financial reaffirmed a "hold" rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. Susquehanna lowered their target price on shares of Sunrun from $25.00 to $23.00 and set a "positive" rating on the stock in a report on Thursday, May 9th. Oppenheimer reaffirmed an "outperform" rating and set a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Finally, Janney Montgomery Scott cut shares of Sunrun from a "buy" rating to a "neutral" rating in a report on Tuesday, February 27th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.21.

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.

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