Sunrun Inc. (NASDAQ:RUN) Position Increased by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC raised its holdings in shares of Sunrun Inc. (NASDAQ:RUNGet Rating) by 59.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 36,556 shares of the energy company’s stock after purchasing an additional 13,591 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Sunrun were worth $1,110,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in shares of Sunrun by 10.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,410 shares of the energy company’s stock valued at $1,249,000 after acquiring an additional 3,499 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Sunrun by 34.9% in the 4th quarter. American Century Companies Inc. now owns 11,075 shares of the energy company’s stock valued at $380,000 after acquiring an additional 2,863 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Sunrun by 30.5% in the 4th quarter. ProShare Advisors LLC now owns 19,705 shares of the energy company’s stock valued at $676,000 after acquiring an additional 4,608 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Sunrun by 12.5% in the 4th quarter. Bank of America Corp DE now owns 718,097 shares of the energy company’s stock valued at $24,631,000 after acquiring an additional 79,532 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of Sunrun by 90.8% in the 4th quarter. Natixis Advisors L.P. now owns 54,651 shares of the energy company’s stock valued at $1,875,000 after acquiring an additional 26,008 shares in the last quarter. 90.85% of the stock is currently owned by institutional investors.

Sunrun Stock Down 2.2 %

Sunrun stock opened at $31.41 on Friday. Sunrun Inc. has a 1-year low of $16.80 and a 1-year high of $60.60. The firm’s fifty day simple moving average is $29.06 and its 200-day simple moving average is $26.72. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $6.66 billion, a P/E ratio of -56.09 and a beta of 2.29.

Sunrun (NASDAQ:RUNGet Rating) last posted its earnings results on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Sunrun had a negative net margin of 5.86% and a negative return on equity of 1.39%. The business had revenue of $584.58 million for the quarter, compared to analyst estimates of $485.04 million. Sell-side analysts forecast that Sunrun Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RUN shares. The Goldman Sachs Group upped their price target on shares of Sunrun from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Barclays started coverage on shares of Sunrun in a research report on Friday, August 5th. They issued an “overweight” rating and a $46.00 target price for the company. Wells Fargo & Company started coverage on shares of Sunrun in a research report on Wednesday, June 29th. They issued an “equal weight” rating and a $27.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Sunrun from $52.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Finally, Roth Capital cut their target price on shares of Sunrun from $42.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.47.

Insider Activity at Sunrun

In related news, insider Lynn Michelle Jurich sold 100,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $37.01, for a total value of $3,701,000.00. Following the transaction, the insider now directly owns 1,459,226 shares in the company, valued at approximately $54,005,954.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, insider Lynn Michelle Jurich sold 100,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $37.01, for a total value of $3,701,000.00. Following the sale, the insider now directly owns 1,459,226 shares in the company, valued at approximately $54,005,954.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Harris Fenster sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $35.38, for a total transaction of $884,500.00. Following the completion of the sale, the insider now owns 1,585,134 shares in the company, valued at $56,082,040.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 453,973 shares of company stock worth $13,729,089. 4.29% of the stock is owned by insiders.

Sunrun Company Profile

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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