112,728 Shares in Sunrun Inc. $RUN Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 112,728 shares of the energy company’s stock, valued at approximately $2,074,000. Sunrun comprises approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after buying an additional 885 shares during the last quarter. Sycomore Asset Management bought a new stake in shares of Sunrun during the 3rd quarter worth $28,000. Hantz Financial Services Inc. lifted its position in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Sunrun during the 3rd quarter worth $31,000. Finally, Salomon & Ludwin LLC increased its holdings in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after purchasing an additional 558 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Freedom Capital downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. TD Cowen reduced their price target on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Glj Research restated a “sell” rating and set a $4.63 price target on shares of Sunrun in a report on Thursday. Citigroup reduced their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Oppenheimer boosted their price target on Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Sunrun has an average rating of “Hold” and an average price target of $18.48.

Sunrun Trading Up 2.7%

Shares of RUN stock opened at $12.89 on Friday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 6.05 and a beta of 2.32. The stock has a 50-day moving average of $13.58 and a 200-day moving average of $15.99. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44.

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

Insider Buying and Selling

In other news, insider Jeanna Steele sold 76,478 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the sale, the insider owned 384,538 shares of the company’s stock, valued at approximately $5,095,128.50. This represents a 16.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 193,002 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total value of $2,557,276.50. Following the completion of the sale, the chief executive officer directly owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. The trade was a 17.12% decrease in their position. 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. In the last quarter, insiders have sold 694,816 shares of company stock valued at $9,366,473. Corporate insiders own 3.55% of the company’s stock.

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.