Bridgefront Capital LLC Invests $108,000 in Sunrun Inc. (NASDAQ:RUN)

Bridgefront Capital LLC acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, HoldingsChannel reports. The fund acquired 11,664 shares of the energy company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RUN. CIBC Asset Management Inc grew its stake in Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after acquiring an additional 1,360 shares during the period. Guggenheim Capital LLC boosted its stake in Sunrun by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock worth $253,000 after purchasing an additional 1,749 shares during the period. Xponance Inc. raised its stake in shares of Sunrun by 13.2% in the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock valued at $150,000 after purchasing an additional 1,895 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the period. Finally, Scotia Capital Inc. grew its holdings in shares of Sunrun by 17.7% during the fourth quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company’s stock worth $133,000 after buying an additional 2,157 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Up 10.4 %

NASDAQ RUN opened at $9.38 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.14 billion, a P/E ratio of -5.15 and a beta of 2.66. Sunrun Inc. has a 12 month low of $5.45 and a 12 month high of $22.26. The stock’s fifty day moving average price is $6.77 and its 200-day moving average price is $9.04.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm had revenue of $504.27 million for the quarter, compared to analysts’ expectations of $487.29 million. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.40) EPS. As a group, equities analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Capital set a $20.00 price objective on shares of Sunrun in a research report on Friday, February 28th. Citigroup reissued a “neutral” rating and issued a $7.00 price objective on shares of Sunrun in a research report on Thursday, April 17th. Jefferies Financial Group cut shares of Sunrun from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $8.00 in a research report on Wednesday, March 12th. Royal Bank of Canada lowered their price objective on Sunrun from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Cowen cut their price target on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.82.

Insiders Place Their Bets

In other Sunrun news, CFO Danny Abajian sold 16,927 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $114,087.98. Following the completion of the transaction, the chief financial officer now owns 231,279 shares of the company’s stock, valued at approximately $1,558,820.46. This trade represents a 6.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 31,197 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now directly owns 534,615 shares in the company, valued at approximately $3,603,305.10. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 in the last three months. Corporate insiders own 3.77% of the company’s stock.

About Sunrun

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.