Union Bancaire Privee UBP SA Makes New Investment in Sunrun Inc. $RUN

Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,460 shares of the energy company’s stock, valued at approximately $492,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after purchasing an additional 607 shares during the period. Corient Private Wealth LLC purchased a new stake in Sunrun in the 2nd quarter worth $102,000. Osaic Holdings Inc. raised its holdings in Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after acquiring an additional 1,332 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Sunrun by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 168,009 shares of the energy company’s stock valued at $1,374,000 after acquiring an additional 3,228 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Sunrun in the second quarter worth about $667,000. 91.69% of the stock is currently owned by institutional investors.

Insider Activity at Sunrun

In other Sunrun news, CFO Danny Abajian sold 2,007 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.79, for a total transaction of $35,704.53. Following the sale, the chief financial officer directly owned 414,699 shares in the company, valued at $7,377,495.21. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mary Powell sold 2,890 shares of Sunrun stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.80, for a total value of $51,442.00. Following the completion of the transaction, the chief executive officer owned 873,700 shares of the company’s stock, valued at approximately $15,551,860. This trade represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 412,749 shares of company stock valued at $7,923,416 over the last ninety days. 3.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on RUN. Morgan Stanley lifted their target price on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. Oppenheimer lifted their price objective on shares of Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Sunrun in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, TD Cowen boosted their price target on shares of Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

Sunrun Price Performance

Sunrun stock opened at $18.14 on Friday. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $22.44. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67. The firm’s fifty day moving average is $19.11 and its 200 day moving average is $14.84. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -1.62 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted ($0.37) EPS. Sell-side analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains 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; and sells services to commercial developers through multi-family and new homes.