Erste Asset Management GmbH Grows Stock Position in Sunrun Inc. $RUN

Erste Asset Management GmbH grew its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,412,900 shares of the energy company’s stock after purchasing an additional 330,666 shares during the quarter. Erste Asset Management GmbH’s holdings in Sunrun were worth $67,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Salomon & Ludwin LLC increased its holdings in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Sunrun by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after acquiring an additional 565 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in Sunrun by 5.2% in the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after acquiring an additional 572 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in Sunrun by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 0.1%

RUN stock opened at $13.35 on Monday. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.27 and a beta of 2.32. The business has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $16.18.

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

Wall Street Analyst Weigh In

RUN has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Glj Research reissued a “sell” rating and issued a $4.63 target price on shares of Sunrun in a report on Thursday, April 16th. Freedom Capital lowered 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 target price on shares of Sunrun in a report on Tuesday, March 3rd. Finally, TD Cowen reduced their target price on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.48.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $14.07, for a total value of $703,500.00. Following the completion of the transaction, the director directly owned 557,947 shares in the company, valued at $7,850,314.29. This represents a 8.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Powell sold 193,002 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $2,557,276.50. Following the completion of the transaction, the chief executive officer owned 934,282 shares of the company’s stock, valued at $12,379,236.50. The trade was a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 692,786 shares of company stock worth $9,339,291 over the last ninety days. 3.55% of the stock is owned by company insiders.

Sunrun Company Profile

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.