Skandinaviska Enskilda Banken AB publ Has $1.73 Million Holdings in Sunrun Inc. (NASDAQ:RUN)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Sunrun Inc. (NASDAQ:RUN) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,140 shares of the energy company’s stock after selling 22,305 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Sunrun were worth $1,733,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter worth approximately $36,000. BNP Paribas acquired a new stake in shares of Sunrun in the 1st quarter valued at $37,000. CWM LLC increased its stake in shares of Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Sunrun during the 2nd quarter worth $45,000. Finally, Headlands Technologies LLC bought a new stake in shares of Sunrun during the 1st quarter worth $53,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Mary Powell sold 5,569 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $12.62, for a total value of $70,280.78. Following the completion of the sale, the chief executive officer now directly owns 581,341 shares of the company’s stock, valued at approximately $7,336,523.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, CEO Mary Powell sold 5,569 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $70,280.78. Following the transaction, the chief executive officer now owns 581,341 shares in the company, valued at $7,336,523.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of Sunrun stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the transaction, the director now owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. 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. Company insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets boosted their target price on Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their price objective on shares of Sunrun from $31.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price target on Sunrun from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their price objective on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Sunrun Stock Performance

NASDAQ RUN opened at $18.91 on Tuesday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The business has a 50 day simple moving average of $18.61 and a 200 day simple moving average of $14.48. The stock has a market capitalization of $4.19 billion, a P/E ratio of -2.84 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share 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 analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Research analysts expect that Sunrun Inc. will post -0.16 earnings per share for the current year.

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.