Robeco Schweiz AG Buys 1,214,548 Shares of Sunrun Inc. $RUN

Robeco Schweiz AG raised its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 28.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,478,228 shares of the energy company’s stock after buying an additional 1,214,548 shares during the period. Robeco Schweiz AG owned about 2.27% of Sunrun worth $42,566,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after buying an additional 165,196 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of Sunrun by 23.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock worth $49,433,000 after buying an additional 692,448 shares during the period. Amundi raised its holdings in shares of Sunrun by 3.9% in the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock valued at $45,845,000 after purchasing an additional 127,878 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Sunrun in the 2nd quarter valued at $29,953,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sunrun by 12.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,065,245 shares of the energy company’s stock valued at $28,005,000 after buying an additional 232,200 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on RUN shares. TD Cowen lowered their price target on Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Glj Research reiterated a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research report on Monday, August 17th. Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Sunday, October 18th. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price objective on shares of Sunrun in a research note on Friday, October 9th. Finally, Roth Capital reissued a “buy” rating on shares of Sunrun in a research note on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.39.

Sunrun Stock Down 1.6%

Shares of Sunrun stock opened at $7.58 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The firm has a fifty day moving average of $8.32 and a two-hundred day moving average of $11.15. The company has a market cap of $1.83 billion, a P/E ratio of 5.12 and a beta of 2.44. Sunrun Inc. has a one year low of $6.78 and a one year high of $21.95.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. On average, analysts forecast that Sunrun Inc. will post 1.46 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 24,335 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $188,839.60. Following the sale, the chief executive officer directly owned 1,087,200 shares of the company’s stock, valued at $8,436,672. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 10,042 shares of Sunrun stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $77,925.92. Following the sale, the insider directly owned 451,673 shares of the company’s stock, valued at $3,504,982.48. This trade represents a 2.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 118,719 shares of company stock worth $1,031,277. Corporate insiders own 3.55% of the company’s stock.

Sunrun Company Profile

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.