Sunrun Inc. $RUN Position Trimmed by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,480,000 shares of the energy company’s stock after selling 245,000 shares during the quarter. Sunrun makes up approximately 3.0% of Ardsley Advisory Partners LP’s portfolio, making the stock its 5th largest position. Ardsley Advisory Partners LP’s holdings in Sunrun were worth $27,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake 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 valued at $27,000 after buying an additional 885 shares during the period. Hantz Financial Services Inc. grew its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares in the last quarter. Sycomore Asset Management purchased a new stake in shares of Sunrun during the 3rd quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter valued at about $30,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 1.6%

RUN stock opened at $12.44 on Thursday. 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 Inc. has a 52-week low of $5.51 and a 52-week high of $22.44. The company has a 50-day moving average of $13.52 and a two-hundred day moving average of $15.84. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 5.84 and a beta of 2.32.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RUN shares. Barclays dropped their price objective on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Glj Research reaffirmed a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research note on Thursday, June 11th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 target price on shares of Sunrun in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $17.00 price target on shares of Sunrun in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average target price of $18.98.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 76,478 shares of Sunrun stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $1,013,333.50. Following the sale, the insider directly owned 384,538 shares of the company’s stock, valued at $5,095,128.50. This trade represents a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 934,282 shares of the company’s stock, valued at $12,379,236.50. This represents a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 694,816 shares of company stock valued at $9,366,473 in the last quarter. 3.55% of the stock is currently owned by insiders.

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.