Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Creative Planning

Creative Planning increased its position in shares of Sunrun Inc. (NASDAQ:RUN) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 290,259 shares of the energy company’s stock after acquiring an additional 784 shares during the quarter. Creative Planning’s holdings in Sunrun were worth $5,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Sunrun by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sunrun by 142.4% in the 1st 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 period. Symmetry Investments LP acquired a new position in shares of Sunrun in the 2nd quarter valued at $1,205,000. State of Alaska Department of Revenue boosted its position in shares of Sunrun by 466.2% in the 1st 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 acquired a new position in shares of Sunrun in the 1st quarter valued at $171,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RUN has been the subject of a number of research reports. Oppenheimer raised their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Evercore ISI decreased their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Susquehanna decreased their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Finally, Piper Sandler raised their price objective on Sunrun from $20.00 to $23.00 and gave the stock 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 eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.79.

Sunrun Stock Up 1.1 %

Shares of RUN stock opened at $14.00 on Friday. The stock’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $15.19. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $22.26. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -2.10 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million for the quarter, compared to the consensus estimate of $516.76 million. During the same period last year, the business earned $0.25 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year. As a group, research analysts predict that Sunrun Inc. will post -0.17 EPS for the current year.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $10,883,036.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the transaction, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at approximately $10,883,036.47. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,001 shares of company stock valued at $3,220,345. Corporate insiders own 3.76% of the company’s stock.

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.