Sunrun Inc. (NASDAQ:RUN) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 1,252.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,272 shares of the energy company’s stock after buying an additional 2,104 shares during the period. First Horizon Advisors Inc.’s holdings in Sunrun were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in RUN. Vanguard Group Inc. increased its holdings in shares of Sunrun by 0.5% in the second quarter. Vanguard Group Inc. now owns 17,121,512 shares of the energy company’s stock valued at $955,037,000 after purchasing an additional 89,655 shares during the period. Coatue Management LLC increased its holdings in shares of Sunrun by 0.4% in the second quarter. Coatue Management LLC now owns 17,087,510 shares of the energy company’s stock valued at $953,141,000 after purchasing an additional 73,649 shares during the period. BNP Paribas Asset Management Holding S.A. increased its holdings in shares of Sunrun by 55.8% in the third quarter. BNP Paribas Asset Management Holding S.A. now owns 7,659,934 shares of the energy company’s stock valued at $337,037,000 after purchasing an additional 2,742,575 shares during the period. Invesco Ltd. increased its holdings in shares of Sunrun by 8.6% in the second quarter. Invesco Ltd. now owns 6,473,732 shares of the energy company’s stock valued at $361,106,000 after purchasing an additional 512,481 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Sunrun by 30.2% in the second quarter. Morgan Stanley now owns 5,592,845 shares of the energy company’s stock valued at $311,969,000 after purchasing an additional 1,298,761 shares during the period. 95.56% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on RUN shares. TheStreet downgraded Sunrun from a “c-” rating to a “d+” rating in a research note on Monday, December 20th. Piper Sandler lowered their price target on Sunrun from $77.00 to $57.00 in a research report on Friday, January 7th. Zacks Investment Research downgraded Sunrun from a “buy” rating to a “hold” rating in a research report on Thursday, November 4th. BMO Capital Markets increased their price target on Sunrun from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, November 5th. Finally, Truist Securities increased their price target on Sunrun from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, November 8th. Two research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $75.90.

In other news, General Counsel Jeanna Steele sold 3,082 shares of the firm’s stock in a transaction on Wednesday, October 27th. The stock was sold at an average price of $56.96, for a total transaction of $175,550.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary Powell sold 1,369 shares of the firm’s stock in a transaction on Tuesday, January 4th. The stock was sold at an average price of $33.78, for a total value of $46,244.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,919 shares of company stock valued at $3,701,188. 4.40% of the stock is owned by insiders.

NASDAQ:RUN opened at $31.81 on Friday. Sunrun Inc. has a one year low of $29.22 and a one year high of $89.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market cap of $6.58 billion, a PE ratio of -29.18 and a beta of 2.05. The stock has a 50 day moving average price of $41.80 and a 200 day moving average price of $46.35.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 4th. The energy company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $438.77 million during the quarter, compared to analysts’ expectations of $413.74 million. Sunrun had a negative return on equity of 0.54% and a negative net margin of 14.06%. The business’s revenue for the quarter was up 109.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, analysts predict that Sunrun Inc. will post -0.07 earnings per share for the current fiscal year.

Sunrun Profile

SunRun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. The firm also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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