Natixis Advisors LLC Takes Position in Sunrun Inc. (NASDAQ:RUN)

Natixis Advisors LLC purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,481 shares of the energy company’s stock, valued at approximately $314,000.

Other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in Sunrun in the second quarter worth $36,000. BNP Paribas purchased a new position in Sunrun during the first quarter worth about $37,000. CWM LLC raised its position 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 acquiring an additional 3,014 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun in the second quarter worth about $45,000. Finally, Headlands Technologies LLC bought a new stake in Sunrun in the first quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $19.23 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The firm’s 50 day simple moving average is $18.05 and its 200-day simple moving average is $14.14. The firm has a market cap of $4.30 billion, a PE ratio of -2.88 and a beta of 2.59. Sunrun Inc. has a one year low of $8.43 and a one 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, topping analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. As a group, equities analysts predict that Sunrun Inc. will post -0.16 EPS for the current year.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the transaction, the director now directly owns 1,344,383 shares in the company, valued at $16,280,478.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Edward Harris Fenster sold 4,646 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.01, for a total value of $83,674.46. Following the completion of the sale, the director now owns 1,202,777 shares of the company’s stock, valued at approximately $21,662,013.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the director now directly owns 1,344,383 shares of the company’s stock, valued at approximately $16,280,478.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,675 shares of company stock worth $2,848,789. 3.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RUN. UBS Group boosted their price target on shares of Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. StockNews.com upgraded Sunrun to a “sell” rating in a report on Thursday, August 8th. BMO Capital Markets increased their target price on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, Susquehanna increased their target price on Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

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.