Baader Bank Aktiengesellschaft Buys Shares of 150,029 Sunrun Inc. $RUN

Baader Bank Aktiengesellschaft bought a new position in Sunrun Inc. (NASDAQ:RUN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 150,029 shares of the energy company’s stock, valued at approximately $2,760,000.

A number of other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the period. Sycomore Asset Management purchased a new position in shares of Sunrun during the third quarter valued at approximately $28,000. Optiver Holding B.V. bought a new stake in shares of Sunrun during the third quarter valued at approximately $31,000. Salomon & Ludwin LLC boosted its position in shares of Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,660 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $12.89, for a total transaction of $644,500.00. Following the completion of the sale, the director directly owned 507,947 shares of the company’s stock, valued at approximately $6,547,436.83. This trade represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Powell sold 193,002 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $2,557,276.50. Following the transaction, the chief executive officer owned 934,282 shares in the company, valued at $12,379,236.50. The trade was a 17.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 716,050 shares of company stock worth $9,463,809. 3.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho dropped their target price on Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. UBS Group reduced their price objective on Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Susquehanna reduced their price objective on Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Citigroup reduced their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings cut Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $18.48.

Sunrun Stock Performance

NASDAQ RUN opened at $14.46 on Thursday. The stock has a market capitalization of $3.45 billion, a PE ratio of 6.79 and a beta of 2.25. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The business has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $16.77. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million during the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, research analysts predict that Sunrun Inc. will post 1.09 EPS for the current fiscal 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.