Quantinno Capital Management LP Acquires 56,838 Shares of Sunrun Inc. $RUN

Quantinno Capital Management LP increased its stake in Sunrun Inc. (NASDAQ:RUN) by 231.3% in the 1st quarter, HoldingsChannel reports. The fund owned 81,410 shares of the energy company’s stock after acquiring an additional 56,838 shares during the period. Quantinno Capital Management LP’s holdings in Sunrun were worth $1,104,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Sunrun during the 4th quarter valued at approximately $30,000. Finally, Salomon & Ludwin LLC increased its position in shares of Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RUN shares. Wells Fargo & Company lowered their price target on Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings cut shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Susquehanna reduced their target price on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a research note on Friday, August 7th. Royal Bank Of Canada reduced their target price on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Sunrun in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.81.

Sunrun Trading Up 3.3%

Shares of NASDAQ RUN opened at $10.19 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The business’s 50 day moving average price is $11.79 and its 200-day moving average price is $13.84. Sunrun Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $22.44. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 6.89 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results 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 return on equity of 9.59% and a net margin of 11.59%.The firm had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. During the same period last year, the company earned $1.07 EPS. Sunrun’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, sell-side analysts expect that Sunrun Inc. will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mary Powell sold 23,985 shares of Sunrun stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the completion of the sale, the chief executive officer directly owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maria Barak sold 3,278 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.17, for a total transaction of $39,893.26. Following the sale, the chief accounting officer directly owned 90,033 shares of the company’s stock, valued at $1,095,701.61. This represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 223,045 shares of company stock valued at $2,934,835. Insiders own 3.55% of the company’s stock.

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.