Scientech Research LLC Makes New $457,000 Investment in Sunrun Inc. (NASDAQ:RUN)

Scientech Research LLC bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 2nd quarter, Holdings Channel reports. The fund bought 38,527 shares of the energy company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Sunrun by 1.5% during the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after acquiring an additional 895 shares during the period. Treasurer of the State of North Carolina increased its stake in Sunrun by 1.0% in the 4th 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 in the last quarter. &PARTNERS raised its holdings in Sunrun by 1.6% during the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after purchasing an additional 1,019 shares during the last quarter. Finally, United Services Automobile Association boosted its position in Sunrun by 6.3% during the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after purchasing an additional 1,042 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Price Performance

RUN opened at $18.50 on Monday. Sunrun Inc. has a 1 year low of $8.43 and a 1 year high of $22.26. The company’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $14.69. The stock has a market capitalization of $4.14 billion, a PE ratio of -2.77 and a beta of 2.59. 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 (NASDAQ:RUN) last announced its quarterly earnings data 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. The company had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. As a group, sell-side analysts expect that Sunrun Inc. will post -0.16 EPS for the current year.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,513 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,944,080.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the sale, the director now directly owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 2,513 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.61, for a total value of $31,688.93. Following the completion of the transaction, the insider now directly owns 312,774 shares in the company, valued at $3,944,080.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,675 shares of company stock worth $3,253,289. 3.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group lifted 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. BMO Capital Markets increased their price target on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Susquehanna upped their target price on Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research note on Monday, July 15th. One equities research 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. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

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.