Healthcare of Ontario Pension Plan Trust Fund Purchases 22,779 Shares of Sunrun Inc. (NASDAQ:RUN)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582,217 shares of the energy company’s stock after acquiring an additional 22,779 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.26% of Sunrun worth $6,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in RUN. BNP Paribas purchased a new stake in Sunrun in the first quarter worth approximately $37,000. Duncker Streett & Co. Inc. purchased a new stake in Sunrun in the second quarter worth about $36,000. Parallel Advisors LLC grew its holdings in Sunrun by 91.4% in the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after purchasing an additional 1,513 shares during the period. CWM LLC grew its holdings in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Sunrun in the second quarter worth about $45,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $16.52 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -2.48 and a beta of 2.58. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26. The firm’s 50-day moving average is $18.74 and its 200 day moving average is $14.83. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Research analysts predict that Sunrun Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RUN. Oppenheimer increased their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Barclays increased their price target on shares of Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Piper Sandler increased their price objective on shares of Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets increased their price objective on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Insider Transactions at Sunrun

In other news, CFO Danny Abajian sold 4,662 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.62, for a total value of $58,834.44. Following the completion of the sale, the chief financial officer now owns 283,098 shares of the company’s stock, valued at approximately $3,572,696.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the transaction, the director now directly owns 1,242,446 shares in the company, valued at $22,649,790.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Danny Abajian sold 4,662 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.62, for a total value of $58,834.44. Following the transaction, the chief financial officer now directly owns 283,098 shares in the company, valued at $3,572,696.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,675 shares of company stock valued at $3,253,289. Company insiders own 3.76% 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.