Sunrun Inc. $RUN Holdings Lifted by Spire Wealth Management

Spire Wealth Management increased its holdings in Sunrun Inc. (NASDAQ:RUN) by 960.0% in the 2nd quarter, Holdings Channel reports. The fund owned 5,300 shares of the energy company’s stock after purchasing an additional 4,800 shares during the period. Spire Wealth Management’s holdings in Sunrun were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RUN. Apollon Wealth Management LLC acquired a new position in shares of Sunrun in the 1st quarter valued at about $60,000. US Bancorp DE grew its position in Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock valued at $60,000 after purchasing an additional 5,342 shares in the last quarter. Signaturefd LLC increased its stake in Sunrun by 436.4% in the 2nd quarter. Signaturefd LLC now owns 7,805 shares of the energy company’s stock valued at $64,000 after buying an additional 6,350 shares during the period. PharVision Advisers LLC purchased a new stake in Sunrun in the 1st quarter worth approximately $69,000. Finally, Callan Family Office LLC purchased a new stake in Sunrun in the 1st quarter worth approximately $72,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Performance

RUN opened at $20.42 on Friday. The company has a market cap of $4.71 billion, a PE ratio of -1.76 and a beta of 2.35. The stock has a 50-day moving average of $18.41 and a 200-day moving average of $12.76. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. During the same period last year, the business earned ($0.37) EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Glj Research upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Friday, August 15th. UBS Group boosted their target price on Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised Sunrun from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. Mizuho boosted their price target on Sunrun from $13.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.60.

Insider Buying and Selling

In other news, CEO Mary Powell sold 11,699 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $226,258.66. Following the completion of the sale, the chief executive officer directly owned 876,590 shares in the company, valued at approximately $16,953,250.60. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total transaction of $965,500.00. Following the completion of the transaction, the director owned 850,482 shares in the company, valued at $16,422,807.42. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 316,956 shares of company stock valued at $5,952,165. 3.37% of the stock is owned by corporate 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.