Sunrun Inc. (NASDAQ:RUN) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in Sunrun Inc. (NASDAQ:RUN) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,128 shares of the energy company’s stock after selling 1,500 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sunrun were worth $2,064,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of Sunrun by 76.9% during the 4th 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. Retirement Systems of Alabama grew its holdings in shares of Sunrun by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 272,010 shares of the energy company’s stock valued at $5,340,000 after purchasing an additional 833 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Sunrun by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after purchasing an additional 910 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Sunrun by 41.9% during the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after purchasing an additional 938 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of Sunrun by 1.6% in the 4th quarter. Granite Bay Wealth Management LLC now owns 71,370 shares of the energy company’s stock worth $1,401,000 after purchasing an additional 1,125 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Performance

RUN opened at $12.64 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. The stock’s fifty day moving average is $12.19 and its 200-day moving average is $13.65. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm had revenue of $458.20 million for the quarter, compared to analysts’ expectations of $471.38 million. During the same period in the previous year, the business earned ($1.12) earnings per share. Sunrun’s revenue for the quarter was down 22.3% compared to the same quarter last year. On average, equities research analysts forecast that Sunrun Inc. will post -1.52 EPS for the current year.

Insider Buying and Selling

In other news, Director Edward Harris Fenster sold 44,646 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total transaction of $710,317.86. Following the completion of the sale, the director now owns 1,207,423 shares in the company, valued at approximately $19,210,099.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sunrun news, Director Katherine August-Dewilde sold 23,584 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $13.74, for a total value of $324,044.16. Following the completion of the transaction, the director now directly owns 89,948 shares in the company, valued at $1,235,885.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $710,317.86. Following the sale, the director now owns 1,207,423 shares in the company, valued at approximately $19,210,099.93. The disclosure for this sale can be found here. Insiders have sold 377,143 shares of company stock worth $4,897,079 in the last ninety days. 3.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler lowered their price objective on Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Susquehanna lowered their price target on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, May 9th. Jefferies Financial Group cut their price objective on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Truist Financial reissued a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Finally, The Goldman Sachs Group raised their price target on shares of Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

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.