360,381 Shares in Sunrun Inc. $RUN Acquired by Marex Group plc

Marex Group plc acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 360,381 shares of the energy company’s stock, valued at approximately $2,948,000. Marex Group plc owned about 0.16% of Sunrun at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Sunrun by 12.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock valued at $110,000 after acquiring an additional 1,442 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Sunrun by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 1,586 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Sunrun by 3.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 67,148 shares of the energy company’s stock valued at $549,000 after purchasing an additional 2,071 shares during the period. Focus Partners Wealth grew its position in Sunrun by 21.2% in the 1st quarter. Focus Partners Wealth now owns 12,702 shares of the energy company’s stock worth $74,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,660 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sunrun

In related news, CRO Paul S. Dickson sold 25,614 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total value of $512,280.00. Following the transaction, the executive directly owned 655,734 shares of the company’s stock, valued at approximately $13,114,680. This trade represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Harris Fenster sold 133,256 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $18.11, for a total transaction of $2,413,266.16. Following the sale, the director directly owned 1,474,926 shares of the company’s stock, valued at approximately $26,710,909.86. This represents a 8.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 412,749 shares of company stock valued at $7,923,416. Insiders own 3.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RUN shares. Citigroup upgraded Sunrun from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $11.00 to $26.00 in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada raised their price target on Sunrun from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, October 20th. UBS Group lifted their price objective on shares of Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Oppenheimer increased their target price on shares of Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.58.

Sunrun Trading Down 4.2%

NASDAQ:RUN opened at $17.93 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46. The company has a market capitalization of $4.16 billion, a P/E ratio of -1.60 and a beta of 2.35. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $14.60.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The business had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. During the same quarter last year, the firm earned ($0.37) EPS. Sunrun’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

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.