SG Americas Securities LLC Acquires 14,611 Shares of Sunrun Inc. (NASDAQ:RUN)

SG Americas Securities LLC boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,360 shares of the energy company’s stock after buying an additional 14,611 shares during the quarter. SG Americas Securities LLC’s holdings in Sunrun were worth $964,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Sunrun by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after buying an additional 176,861 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock valued at $3,199,000 after purchasing an additional 142,563 shares during the last quarter. Symmetry Investments LP bought a new position in Sunrun during the second quarter worth about $1,205,000. State of Alaska Department of Revenue raised its position in shares of Sunrun by 466.2% in the first quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock valued at $1,751,000 after purchasing an additional 109,411 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Sunrun during the 1st quarter valued at approximately $171,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Activity at Sunrun

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 in the company, valued at $21,913,904.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $16.93, for a total value of $846,500.00. Following the completion of the sale, the director now owns 1,294,383 shares in the company, valued at approximately $21,913,904.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock worth $3,336,845 in the last ninety days. 3.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. BMO Capital Markets boosted their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Oppenheimer raised their target price on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Finally, Piper Sandler raised their price objective on shares of Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus target price of $22.55.

Sunrun Stock Up 2.7 %

Shares of NASDAQ RUN opened at $15.94 on Friday. The stock has a market capitalization of $3.56 billion, a P/E ratio of -2.50 and a beta of 2.58. 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. The firm’s 50 day simple moving average is $18.64 and its two-hundred day simple moving average is $15.05.

Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping 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 company had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year. As a group, analysts expect that Sunrun Inc. will post -0.17 EPS for the current fiscal 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.