Sunrun Inc. (NASDAQ:RUN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in Sunrun Inc. (NASDAQ:RUN) by 46.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,451 shares of the energy company’s stock after selling 28,421 shares during the period. Nisa Investment Advisors LLC’s holdings in Sunrun were worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of Sunrun by 466.2% during the first quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock worth $1,751,000 after purchasing an additional 109,411 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in shares of Sunrun in the first quarter worth $155,000. Mirae Asset Global Investments Co. Ltd. increased its position in Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after acquiring an additional 142,563 shares during the period. Capstone Investment Advisors LLC bought a new position in Sunrun during the first quarter worth $418,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Sunrun by 181.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,361 shares of the energy company’s stock worth $84,000 after acquiring an additional 4,103 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 24,161 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the transaction, the insider now owns 310,617 shares in the company, valued at approximately $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeanna Steele sold 24,161 shares of Sunrun stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the completion of the transaction, the insider now owns 310,617 shares in the company, valued at approximately $5,976,271.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,001 shares of company stock worth $3,220,345 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RUN shares. BMO Capital Markets boosted their price target on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Piper Sandler upped their price target on Sunrun from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI lowered their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.70.

Sunrun Trading Up 8.9 %

Shares of Sunrun stock opened at $16.08 on Tuesday. The business has a fifty day simple moving average of $17.33 and a two-hundred day simple moving average of $15.36. Sunrun Inc. has a 1 year low of $8.82 and a 1 year high of $22.26. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -2.52 and a beta of 2.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was down 11.2% on a year-over-year basis. Research analysts forecast that Sunrun Inc. will post -0.17 EPS for the current year.

Sunrun Profile

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.