Maple Rock Capital Partners Inc. Acquires 692,448 Shares of Sunrun Inc. $RUN

Maple Rock Capital Partners Inc. increased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 23.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,694,548 shares of the energy company’s stock after purchasing an additional 692,448 shares during the period. Maple Rock Capital Partners Inc.’s holdings in Sunrun were worth $49,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RUN. Allworth Financial LP bought a new position in Sunrun in the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its holdings in Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after buying an additional 885 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sunrun in the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Sunrun during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of several recent analyst reports. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. TD Cowen reduced their price target on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada reduced their price objective on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Sunrun in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.81.

Sunrun Trading Down 2.5%

Shares of RUN stock opened at $8.56 on Tuesday. Sunrun Inc. has a 52-week low of $8.49 and a 52-week high of $22.44. 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 company has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $12.97. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 5.78 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same quarter last year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. Research analysts anticipate that Sunrun Inc. will post 1.18 EPS for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 15,613 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the transaction, the executive owned 839,539 shares of the company’s stock, valued at approximately $11,065,124.02. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maria Barak sold 3,278 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.17, for a total value of $39,893.26. Following the sale, the chief accounting officer directly owned 90,033 shares of the company’s stock, valued at approximately $1,095,701.61. This represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 173,045 shares of company stock valued at $2,138,835 in the last ninety days. Insiders own 3.55% of the company’s stock.

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.