AMG National Trust Bank Makes New Investment in Sunrun Inc. $RUN

AMG National Trust Bank purchased a new stake in Sunrun Inc. (NASDAQ:RUN) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 62,740 shares of the energy company’s stock, valued at approximately $851,000.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Sunrun during the fourth quarter worth approximately $27,000. Sycomore Asset Management acquired a new position in Sunrun in the third quarter worth approximately $28,000. Hantz Financial Services Inc. increased its holdings in shares of 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 buying an additional 564 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Sunrun in the fourth quarter valued at $30,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 0.1%

NASDAQ RUN opened at $12.77 on Thursday. The firm’s 50 day moving average price is $13.64 and its two-hundred day moving average price is $15.07. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. Sunrun Inc. has a twelve month low of $9.01 and a twelve month high of $22.44. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 6.00 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Equities analysts anticipate that Sunrun Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

RUN has been the subject of several research reports. Citigroup reduced their price objective on Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Roth Capital reaffirmed a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 target price on shares of Sunrun in a report on Friday, May 8th. Glj Research reissued a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research note on Friday, July 10th. Finally, TD Cowen cut their price objective on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.81.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $15.92, for a total transaction of $796,000.00. Following the completion of the sale, the director directly owned 459,091 shares in the company, valued at approximately $7,308,728.72. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.18, for a total value of $205,779.34. Following the transaction, the executive directly owned 839,539 shares in the company, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 223,045 shares of company stock valued at $3,081,335 in the last ninety days. Corporate insiders own 3.55% of the company’s stock.

Sunrun Company 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.