Jupiter Topco LLC Acquires Shares of 101,051 Sunrun Inc. $RUN

Jupiter Topco LLC bought a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 101,051 shares of the energy company’s stock, valued at approximately $1,351,000.

A number of other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Sunrun by 59.1% during the fourth 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 in the last quarter. PNC Financial Services Group Inc. boosted 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 buying an additional 565 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Sunrun by 62.9% during the 4th quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock valued at $32,000 after purchasing an additional 669 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Sunrun by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 33,977 shares of the energy company’s stock valued at $625,000 after purchasing an additional 686 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Sunrun by 4.9% during the 4th quarter. Cerity Partners LLC now owns 15,737 shares of the energy company’s stock worth $290,000 after purchasing an additional 736 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RUN shares. Susquehanna cut their target price on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 price target on shares of Sunrun in a report on Friday, May 8th. Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group cut their price target on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.81.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Jurich sold 50,000 shares of Sunrun stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $9.96, for a total value of $498,000.00. Following the sale, the director owned 367,405 shares of the company’s stock, valued at approximately $3,659,353.80. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Danny Abajian sold 16,495 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total transaction of $217,569.05. Following the transaction, the chief financial officer directly owned 420,318 shares of the company’s stock, valued at $5,543,994.42. This represents a 3.78% decrease in their ownership of the stock. 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. Insiders have sold a total of 173,045 shares of company stock valued at $2,138,835 in the last three months. 3.55% of the stock is owned by corporate insiders.

Sunrun Stock Performance

Shares of RUN stock opened at $8.89 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The firm has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $12.73. Sunrun Inc. has a 12 month low of $8.22 and a 12 month high of $22.44. The firm has a market capitalization of $2.14 billion, a PE ratio of 6.01 and a beta of 2.37.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $746.87 million. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. Analysts forecast that Sunrun Inc. will post 1.18 EPS for the current fiscal 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.