Lingotto Investment Management LLP Purchases New Position in Sunrun Inc. $RUN

Lingotto Investment Management LLP purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, Holdings Channel reports. The fund purchased 243,500 shares of the energy company’s stock, valued at approximately $4,480,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Sycomore Asset Management bought a new stake in shares of Sunrun during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its position in shares of 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 acquiring an additional 564 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Sunrun during the third quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC increased its position in shares of Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after acquiring an additional 558 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 6.8%

Shares of Sunrun stock opened at $15.58 on Tuesday. The company’s fifty day simple moving average is $13.45 and its 200-day simple moving average is $16.30. The stock has a market capitalization of $3.72 billion, a PE ratio of 7.31 and a beta of 2.25. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for 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 company’s revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. As a group, equities analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other news, CRO Paul S. Dickson sold 127,673 shares of Sunrun stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the transaction, the executive owned 707,126 shares in the company, valued at $9,369,419.50. This trade represents a 15.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 76,478 shares of Sunrun stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $1,013,333.50. Following the transaction, the insider owned 384,538 shares in the company, valued at $5,095,128.50. This represents a 16.59% 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. Over the last ninety days, insiders have sold 698,868 shares of company stock worth $9,412,016. Insiders own 3.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RUN shares. Susquehanna reduced their price target on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Loop Capital set a $12.00 price target on shares of Sunrun in a research report on Tuesday, March 3rd. Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. UBS Group reduced their price target on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Glj Research reissued a “sell” rating and set a $4.63 price target on shares of Sunrun in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.48.

About Sunrun

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.