NBC Securities Inc. Sells 975 Shares of Sunrun Inc. (NASDAQ:RUN)

NBC Securities Inc. lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,920 shares of the energy company’s stock after selling 975 shares during the quarter. NBC Securities Inc.’s holdings in Sunrun were worth $38,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares during the last quarter. Versant Capital Management Inc increased its holdings in Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after acquiring an additional 1,127 shares during the last quarter. USCF Advisers LLC lifted its stake in Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after purchasing an additional 1,300 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Sunrun by 91.4% during the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Sunrun by 41.9% during the fourth quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock valued at $62,000 after purchasing an additional 938 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RUN shares. Truist Financial reissued a “hold” rating and set a $14.00 price target (down from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Mizuho decreased their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley lifted their price objective on shares of Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Finally, Susquehanna dropped their price target on Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

Sunrun Stock Up 3.7 %

Shares of NASDAQ RUN opened at $13.58 on Tuesday. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $23.85. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -2.04 and a beta of 2.65. The stock has a 50 day moving average price of $12.29 and a 200 day moving average price of $13.62. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31.

Sunrun (NASDAQ:RUN) last issued its earnings results 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. The business had revenue of $458.20 million during the quarter, compared to analysts’ expectations of $471.38 million. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The business’s revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.12) EPS. Sell-side analysts expect that Sunrun Inc. will post -1.27 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In related news, Director Edward Harris Fenster sold 44,646 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $15.91, for a total value of $710,317.86. Following the completion of the transaction, the director now owns 1,207,423 shares of the company’s stock, valued at $19,210,099.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Edward Harris Fenster sold 44,646 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total transaction of $710,317.86. Following the sale, the director now owns 1,207,423 shares of the company’s stock, valued at $19,210,099.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary Powell sold 1,741 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $14.86, for a total transaction of $25,871.26. Following the completion of the transaction, the chief executive officer now owns 589,927 shares of the company’s stock, valued at $8,766,315.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,143 shares of company stock valued at $5,502,579. Company insiders own 3.76% of the company’s stock.

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.