Maxi Investments CY Ltd Takes $1.30 Million Position in Sunrun Inc. $RUN

Maxi Investments CY Ltd acquired a new stake in Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 75,200 shares of the energy company’s stock, valued at approximately $1,300,000.

A number of other large investors have also bought and sold shares of RUN. Royal Bank of Canada raised its holdings in Sunrun by 5.1% during the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after buying an additional 30,175 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Sunrun by 47.8% in the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after buying an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sunrun by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock valued at $1,397,000 after buying an additional 5,882 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Sunrun by 511.0% in the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock valued at $158,000 after buying an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after acquiring an additional 718,955 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RUN. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 26th. Jefferies Financial Group lowered shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Friday, February 27th. The Goldman Sachs Group increased their target price on Sunrun from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Mizuho cut their price target on Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Morgan Stanley upped their price objective on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

Insider Activity

In related news, CFO Danny Abajian sold 4,193 shares of Sunrun stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $12.33, for a total value of $51,699.69. Following the sale, the chief financial officer owned 576,244 shares of the company’s stock, valued at approximately $7,105,088.52. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 55,507 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $12.68, for a total value of $703,828.76. Following the sale, the director owned 608,397 shares in the company, valued at $7,714,473.96. The trade was a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 399,219 shares of company stock worth $7,261,635. 3.37% of the stock is currently owned by company insiders.

Sunrun Price Performance

NASDAQ RUN opened at $12.78 on Tuesday. The firm’s 50 day moving average is $17.50 and its 200-day moving average is $18.16. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $3.00 billion, a PE ratio of 7.47 and a beta of 2.43. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.46. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm’s revenue was up 123.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Sunrun Company 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.