Raiffeisen Bank International AG Takes Position in Sunrun Inc. (NASDAQ:RUN)

Raiffeisen Bank International AG acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 248,669 shares of the energy company's stock, valued at approximately $2,363,000. Raiffeisen Bank International AG owned approximately 0.11% of Sunrun as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Sunrun during the 4th quarter worth about $29,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Sunrun by 133.3% in 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 during the period. Summit Securities Group LLC bought a new stake in Sunrun in the fourth quarter valued at approximately $53,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the 4th quarter valued at approximately $56,000. Finally, Sterling Capital Management LLC lifted its position in shares of Sunrun by 807.5% in 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 period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Down 7.8%

RUN traded down $0.96 during midday trading on Monday, reaching $11.29. 19,616,459 shares of the company were exchanged, compared to its average volume of 11,116,905. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.20 and a beta of 2.66. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The company's fifty day moving average price is $7.38 and its 200 day moving average price is $8.87. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its 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 company had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. Sunrun's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. As a group, analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RUN. Jefferies Financial Group downgraded shares of Sunrun from a "buy" rating to a "hold" rating and lowered their target price for the stock from $14.00 to $8.00 in a research note on Wednesday, March 12th. BMO Capital Markets lowered their price objective on Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, March 3rd. Truist Financial reissued a "hold" rating and issued a $6.00 price objective (down from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. TD Cowen lowered their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Roth Capital set a $20.00 price objective on Sunrun in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.92.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the transaction, the insider now owns 291,238 shares in the company, valued at $1,962,944.12. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Harris Fenster bought 50,000 shares of Sunrun stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $10.87 per share, with a total value of $543,500.00. Following the completion of the acquisition, the director now owns 1,408,182 shares of the company's stock, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 138,540 shares of company stock valued at $1,050,944 in the last three months. 3.37% of the stock is currently 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.