Sunrun Inc. (NASDAQ:RUN) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,501 shares of the energy company’s stock after selling 6,662 shares during the quarter. Amalgamated Bank’s holdings in Sunrun were worth $801,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RUN. Duncker Streett & Co. Inc. acquired a new position in Sunrun during the second quarter worth about $36,000. BNP Paribas purchased a new position in Sunrun in the 1st quarter worth approximately $37,000. CWM LLC boosted its holdings in shares of Sunrun by 883.9% during the 2nd 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sunrun in the second quarter valued at approximately $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Sunrun in the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 0.3 %

RUN stock opened at $18.50 on Friday. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.26. The company’s 50 day moving average price is $18.73 and its 200 day moving average price is $14.63. 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 has a market capitalization of $4.14 billion, a price-to-earnings ratio of -2.77 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was down 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

RUN has been the subject of several analyst reports. StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday. Barclays upped their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “hold” rating and set a $18.00 price target (up previously from $12.00) on shares of Sunrun in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Insider Activity at Sunrun

In related news, insider Jeanna Steele sold 2,513 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.61, for a total transaction of $31,688.93. Following the completion of the sale, the insider now directly owns 312,774 shares of the company’s stock, valued at $3,944,080.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jeanna Steele sold 2,513 shares of Sunrun stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.61, for a total value of $31,688.93. Following the sale, the insider now directly owns 312,774 shares in the company, valued at $3,944,080.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Paul S. Dickson sold 3,855 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.62, for a total value of $48,650.10. Following the completion of the transaction, the executive now owns 443,329 shares of the company’s stock, valued at approximately $5,594,811.98. The disclosure for this sale can be found here. Insiders sold a total of 178,675 shares of company stock valued at $3,253,289 in the last three months. 3.76% of the stock is currently owned by company insiders.

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.