Maxi Investments CY Ltd Purchases New Holdings in Sunrun Inc. $RUN

Maxi Investments CY Ltd acquired a new position in Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 75,200 shares of the energy company’s stock, valued at approximately $1,300,000.

Several other large investors have also recently bought and sold shares of RUN. GAMMA Investing LLC boosted its position in Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after buying an additional 607 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of Sunrun by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after buying an additional 644 shares during the period. Harvest Portfolios Group Inc. raised its position in shares of Sunrun by 2.7% during the third quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock worth $532,000 after acquiring an additional 800 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Sunrun by 5.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock valued at $325,000 after acquiring an additional 967 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after acquiring an additional 1,332 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RUN. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on Sunrun in a research report on Wednesday, January 7th. Mizuho cut 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. Weiss Ratings raised shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Oppenheimer lifted their price target on shares of Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group downgraded shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Sunrun Stock Up 5.3%

Shares of Sunrun stock opened at $12.78 on Tuesday. The business has a fifty day simple moving average of $17.50 and a 200 day simple moving average of $18.16. The stock has a market cap of $3.00 billion, a PE ratio of 7.47 and a beta of 2.43. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 123.5% on a year-over-year basis. Research analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster sold 163,844 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total value of $3,268,687.80. Following the sale, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 55,507 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $703,828.76. Following the completion of the transaction, the director directly owned 608,397 shares of the company’s stock, valued at $7,714,473.96. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 399,219 shares of company stock worth $7,261,635 over the last ninety days. Company insiders own 3.37% of the company’s stock.

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.