Pacific Capital Wealth Advisors Inc. Increases Position in Sunrun Inc. (NASDAQ:RUN)

Pacific Capital Wealth Advisors Inc. raised its stake in Sunrun Inc. (NASDAQ:RUN) by 102.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,732 shares of the energy company’s stock after acquiring an additional 40,942 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Sunrun were worth $747,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new position in Sunrun during the third quarter valued at about $76,152,000. Sylebra Capital LLC bought a new stake in shares of Sunrun during the second quarter valued at approximately $35,387,000. Greenvale Capital LLP lifted its position in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares during the period. FMR LLC increased its holdings in Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Truist Financial reaffirmed a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Glj Research reaffirmed a “sell” rating and set a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Finally, Barclays cut their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun has a consensus rating of “Moderate Buy” and an average target price of $18.51.

Sunrun Trading Down 0.4 %

NASDAQ RUN opened at $10.19 on Tuesday. The company’s 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $14.52. Sunrun Inc. has a one year low of $8.22 and a one year high of $22.26. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.60 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same quarter in the prior year, the company earned $0.40 EPS. Equities analysts forecast that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock worth $1,614,147 over the last quarter. Insiders own 3.77% of the company’s stock.

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.