SG Americas Securities LLC Reduces Stake in Sunrun Inc. $RUN

SG Americas Securities LLC cut its stake in Sunrun Inc. (NASDAQ:RUN) by 63.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,642 shares of the energy company’s stock after selling 147,970 shares during the quarter. SG Americas Securities LLC’s holdings in Sunrun were worth $1,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RUN. Maple Rock Capital Partners Inc. increased its position in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the last quarter. PGGM Investments grew its stake in shares of Sunrun by 316.6% in the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after buying an additional 5,325,332 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Sunrun by 45.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after buying an additional 718,955 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sunrun by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,381,123 shares of the energy company’s stock worth $11,298,000 after buying an additional 4,909 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Sunrun by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,355,564 shares of the energy company’s stock valued at $11,089,000 after buying an additional 17,396 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In related news, CAO Maria Barak sold 1,630 shares of Sunrun stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $18.55, for a total value of $30,236.50. Following the completion of the transaction, the chief accounting officer owned 85,643 shares in the company, valued at approximately $1,588,677.65. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 8,754 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $155,821.20. Following the sale, the chief executive officer directly owned 864,946 shares in the company, valued at approximately $15,396,038.80. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 354,956 shares of company stock valued at $6,725,832. Corporate insiders own 3.37% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of several analyst reports. Jefferies Financial Group upgraded Sunrun from a “hold” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $21.00 in a research report on Wednesday, October 1st. Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $26.00 in a research note on Tuesday, October 21st. Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Wells Fargo & Company raised their price objective on Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft set a $19.00 target price on shares of Sunrun in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and a consensus target price of $19.70.

Sunrun Trading Down 0.9%

Shares of NASDAQ RUN opened at $18.26 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $4.24 billion, a PE ratio of -1.63 and a beta of 2.35. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The stock has a fifty day simple moving average of $18.59 and a 200-day simple moving average of $16.39.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.Sunrun’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.37) EPS. On average, equities analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Sunrun 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.