Register Financial Advisors LLC Takes Position in Sunrun Inc. (NASDAQ:RUN)

Register Financial Advisors LLC acquired a new position in Sunrun Inc. (NASDAQ:RUN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,006 shares of the energy company’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares in the last quarter. Versant Capital Management Inc raised its holdings in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares in the last quarter. USCF Advisers LLC lifted its position in shares of Sunrun by 130.0% in the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after buying an additional 1,300 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Sunrun by 41.9% during the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock worth $62,000 after acquiring an additional 938 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Sunrun by 91.4% during the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after acquiring an additional 1,513 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Edward Harris Fenster sold 44,646 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $15.91, for a total value of $710,317.86. Following the sale, the director now owns 1,207,423 shares in the company, valued at approximately $19,210,099.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Edward Harris Fenster sold 44,646 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $15.91, for a total transaction of $710,317.86. Following the completion of the sale, the director now owns 1,207,423 shares of the company’s stock, valued at $19,210,099.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeanna Steele sold 10,176 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.07, for a total value of $122,824.32. Following the completion of the transaction, the insider now directly owns 228,743 shares in the company, valued at $2,760,928.01. The disclosure for this sale can be found here. Insiders sold 427,143 shares of company stock worth $5,502,579 in the last 90 days. 3.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RUN has been the subject of several analyst reports. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Susquehanna decreased their price objective on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, May 9th. Mizuho dropped their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Morgan Stanley upped their price target on shares of Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Finally, Jefferies Financial Group dropped their price objective on Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Sunrun Price Performance

Shares of RUN stock traded down $1.41 during mid-day trading on Friday, reaching $11.86. The company’s stock had a trading volume of 43,233,618 shares, compared to its average volume of 13,329,209. The firm’s 50-day moving average is $12.45 and its two-hundred day moving average is $13.61. The company has a market cap of $2.63 billion, a P/E ratio of -1.87 and a beta of 2.65. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.09. The firm had revenue of $458.20 million during the quarter, compared to analyst estimates of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company’s quarterly revenue was down 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.12) earnings per share. On average, research analysts predict that Sunrun Inc. will post -1.27 earnings per share for the current year.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.