Sunrun Inc. $RUN Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Sunrun Inc. (NASDAQ:RUN) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,663,239 shares of the energy company’s stock after acquiring an additional 205,627 shares during the period. Geode Capital Management LLC’s holdings in Sunrun were worth $104,220,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RUN. Voloridge Investment Management LLC purchased a new position in shares of Sunrun in the third quarter worth approximately $40,193,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Sunrun by 132.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock worth $48,777,000 after acquiring an additional 1,609,803 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sunrun in the third quarter worth approximately $21,427,000. Erste Asset Management GmbH increased its position in shares of Sunrun by 62.7% in the third quarter. Erste Asset Management GmbH now owns 3,082,234 shares of the energy company’s stock worth $54,778,000 after acquiring an additional 1,188,092 shares in the last quarter. Finally, HRT Financial LP purchased a new position in shares of Sunrun in the second quarter worth approximately $9,416,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Freedom Capital cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Loop Capital set a $12.00 price target on shares of Sunrun in a report on Tuesday, March 3rd. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Sunrun in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of “Hold” and a consensus price target of $18.48.

Sunrun Stock Performance

RUN stock opened at $13.35 on Friday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. The stock has a market cap of $3.18 billion, a P/E ratio of 6.27 and a beta of 2.32. The firm has a 50 day simple moving average of $13.61 and a 200 day simple moving average of $16.20. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Research analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO Paul S. Dickson sold 127,673 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the transaction, the executive owned 707,126 shares of the company’s stock, valued at approximately $9,369,419.50. This trade represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 132,953 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,761,627.25. Following the transaction, the chief financial officer directly owned 432,157 shares in the company, valued at approximately $5,726,080.25. The trade was a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 692,786 shares of company stock valued at $9,339,291. 3.55% of the stock is currently owned by company insiders.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.