Groupe la Francaise Takes Position in Sunrun Inc. $RUN

Groupe la Francaise bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 90,851 shares of the energy company’s stock, valued at approximately $1,217,000.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Sunrun by 5.1% during the first 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 in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Sunrun by 47.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock worth $192,000 after buying an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sunrun by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after buying an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Sunrun by 511.0% in the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after buying an additional 22,603 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Sunrun by 45.3% in 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. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 9,897 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $130,541.43. Following the completion of the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at approximately $6,090,020.85. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.18, for a total transaction of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares of the company’s stock, valued at $11,065,124.02. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 171,015 shares of company stock valued at $2,111,653. 3.55% of the stock is currently owned by insiders.

Sunrun Stock Up 3.7%

RUN stock opened at $9.22 on Wednesday. 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 company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 6.23 and a beta of 2.37. Sunrun Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $22.44. The stock has a fifty day moving average of $10.42 and a 200-day moving average of $12.53.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. As a group, equities research analysts predict that Sunrun Inc. will post 1.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on RUN. Weiss Ratings cut Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Roth Capital reiterated a “buy” rating on shares of Sunrun in a research note on Thursday, July 9th. UBS Group cut their price target on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Royal Bank Of Canada dropped 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. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sunrun has an average rating of “Hold” and an average price target of $16.81.

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.