Susquehanna Fundamental Investments LLC Makes New $1.32 Million Investment in Sunrun Inc. (NASDAQ:RUN)

Susquehanna Fundamental Investments LLC bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 111,316 shares of the energy company’s stock, valued at approximately $1,320,000.

A number of other large investors also recently modified their holdings of RUN. Parallel Advisors LLC grew its holdings in Sunrun by 91.4% during the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after acquiring an additional 1,513 shares during the period. Treasurer of the State of North Carolina lifted its position 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 acquiring an additional 910 shares in the last quarter. Bank of Nova Scotia lifted its position in Sunrun by 16.9% in the 4th quarter. Bank of Nova Scotia now owns 100,460 shares of the energy company’s stock valued at $1,976,000 after acquiring an additional 14,513 shares in the last quarter. KBC Group NV lifted its position in Sunrun by 31.0% in the 4th quarter. KBC Group NV now owns 324,665 shares of the energy company’s stock valued at $6,373,000 after acquiring an additional 76,889 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Sunrun by 36.0% during the 4th quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock worth $42,651,000 after buying an additional 575,293 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Down 3.1 %

RUN opened at $17.50 on Wednesday. The company has a fifty day moving average price of $18.75 and a 200-day moving average price of $14.80. The firm has a market capitalization of $3.91 billion, a P/E ratio of -2.62 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26.

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

Wall Street Analysts Forecast Growth

RUN has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Barclays lifted their target price on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets lifted their price target on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, Susquehanna lifted their price target on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 2,513 shares of the company’s stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeanna Steele sold 2,513 shares of the company’s stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 5,569 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.62, for a total transaction 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 $7,336,523.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,675 shares of company stock worth $3,253,289. Corporate insiders own 3.76% of the company’s stock.

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.