Hillsdale Investment Management Inc. Buys Shares of 390,175 Sunrun Inc. $RUN

Hillsdale Investment Management Inc. bought a new stake in Sunrun Inc. (NASDAQ:RUN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 390,175 shares of the energy company’s stock, valued at approximately $7,179,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC lifted its stake in Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after acquiring an additional 558 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after acquiring an additional 564 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after acquiring an additional 565 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in Sunrun by 5.2% in the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after acquiring an additional 572 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in Sunrun by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after acquiring an additional 644 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 193,002 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the transaction, the chief executive officer owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 127,673 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the transaction, the executive directly owned 707,126 shares in the company, valued at $9,369,419.50. This trade represents a 15.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 716,050 shares of company stock valued at $9,463,809 in the last three months. 3.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Citigroup reduced their target price on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $17.00 price objective on shares of Sunrun in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.48.

Sunrun Price Performance

Shares of Sunrun stock opened at $16.72 on Friday. The firm has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $16.34. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 7.85 and a beta of 2.25.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Sunrun’s revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts expect that Sunrun Inc. will post 1.09 earnings per share for the current year.

Sunrun 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.