Sei Investments Co. Buys 14,517 Shares of Sunrun Inc. (NASDAQ:RUN)

Sei Investments Co. boosted its stake in Sunrun Inc. (NASDAQ:RUN) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,224 shares of the energy company’s stock after purchasing an additional 14,517 shares during the period. Sei Investments Co.’s holdings in Sunrun were worth $762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas bought a new stake in Sunrun during the 1st quarter valued at $37,000. Duncker Streett & Co. Inc. purchased a new position in shares of Sunrun in the second quarter valued at about $36,000. CWM LLC increased its position in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun during the second quarter valued at about $45,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Sunrun during the first quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mary Powell sold 2,148 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeanna Steele sold 24,161 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total transaction of $464,857.64. Following the sale, the insider now owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,001 shares of company stock worth $3,336,845 over the last quarter. Company insiders own 3.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RUN. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft upped their target price on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Truist Financial restated a “hold” rating and issued a $18.00 price objective (up from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. Finally, Evercore ISI cut their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One 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’s stock. Based on data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average target price of $22.39.

Sunrun Trading Down 1.5 %

Shares of NASDAQ:RUN opened at $16.39 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $22.26. The company has a market cap of $3.63 billion, a P/E ratio of -2.46 and a beta of 2.58. The stock’s fifty day moving average price is $18.71 and its 200-day moving average price is $15.00.

Sunrun (NASDAQ:RUN) last posted its earnings results 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. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Sell-side analysts expect that Sunrun Inc. will post -0.16 earnings per share for the current year.

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.