Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Sunrun Inc. (NASDAQ:RUN) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,123,059 shares of the energy company’s stock after purchasing an additional 18,000 shares during the period. Handelsbanken Fonder AB owned approximately 1.41% of Sunrun worth $56,402,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun in the second quarter valued at about $36,000. BNP Paribas purchased a new stake in shares of Sunrun during the first quarter valued at approximately $37,000. CWM LLC lifted its position in shares of Sunrun by 883.9% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Sunrun in the second quarter valued at $45,000. Finally, Headlands Technologies LLC acquired a new stake in Sunrun during the 1st quarter valued at $53,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sunrun

In other Sunrun news, CEO Mary Powell sold 5,569 shares of Sunrun stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.62, for a total transaction of $70,280.78. Following the sale, the chief executive officer now owns 581,341 shares of the company’s stock, valued at $7,336,523.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO Mary Powell sold 5,569 shares of the firm’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 transaction of $70,280.78. Following the transaction, the chief executive officer now owns 581,341 shares in the company, valued at $7,336,523.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,675 shares of company stock worth $3,253,289. Company insiders own 3.76% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Barclays raised their price objective on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Oppenheimer lifted their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. Finally, UBS Group boosted their target price on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Sunrun Stock Performance

Shares of RUN traded down $0.32 during midday trading on Friday, hitting $16.52. 6,660,550 shares of the stock traded hands, compared to its average volume of 12,249,288. The business’s 50 day moving average price is $18.71 and its two-hundred day moving average price is $14.88. The firm has a market capitalization of $3.66 billion, a PE ratio of -2.48 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $22.26.

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

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.