Nia Impact Advisors LLC Buys 131,366 Shares of Sunrun Inc. $RUN

Nia Impact Advisors LLC raised its stake in Sunrun Inc. (NASDAQ:RUN) by 717.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 149,684 shares of the energy company’s stock after purchasing an additional 131,366 shares during the quarter. Nia Impact Advisors LLC’s holdings in Sunrun were worth $2,754,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RUN. Royal Bank of Canada increased its holdings in shares of Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after buying an additional 30,175 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Sunrun by 47.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after purchasing an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sunrun by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock valued at $1,397,000 after purchasing an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Sunrun by 511.0% in the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock valued at $158,000 after purchasing an additional 22,603 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Sunrun by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Sunrun

In other news, insider Jeanna Steele sold 76,478 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the sale, the insider directly owned 384,538 shares of the company’s stock, valued at approximately $5,095,128.50. This trade represents a 16.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 193,002 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the completion of the sale, the chief executive officer directly owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. This represents a 17.12% 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. In the last 90 days, insiders sold 716,050 shares of company stock worth $9,463,809. 3.55% of the stock is owned by corporate insiders.

Sunrun Stock Performance

Shares of RUN opened at $14.62 on Monday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 6.86 and a beta of 2.25. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. The firm has a fifty day simple moving average of $13.12 and a two-hundred day simple moving average of $16.46. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RUN. Citigroup cut their price objective 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. Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Mizuho cut their price objective on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Finally, Glj Research reaffirmed a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.48.

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.