Xponance Inc. Cuts Position in Sunrun Inc. (NASDAQ:RUN)

Xponance Inc. decreased its position in shares of Sunrun Inc. (NASDAQ:RUN) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,867 shares of the energy company’s stock after selling 1,276 shares during the quarter. Xponance Inc.’s holdings in Sunrun were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RUN. Fifth Third Bancorp increased its position 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 during the last quarter. Granite Bay Wealth Management LLC raised its position in Sunrun by 1.6% in the fourth quarter. Granite Bay Wealth Management LLC now owns 71,370 shares of the energy company’s stock worth $1,401,000 after acquiring an additional 1,125 shares during the period. Versant Capital Management Inc boosted its stake in shares of Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,127 shares during the last quarter. Arizona State Retirement System grew its position in shares of Sunrun by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 61,391 shares of the energy company’s stock valued at $771,000 after acquiring an additional 1,166 shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in shares of Sunrun by 69.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 6.0 %

Shares of Sunrun stock opened at $10.29 on Friday. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The company has a 50-day simple moving average of $11.84 and a two-hundred day simple moving average of $13.15.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The firm had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. On average, equities research analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Mizuho reduced their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday, April 19th. Truist Financial reaffirmed a “hold” rating and set a $14.00 price target (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. Finally, Susquehanna restated a “positive” rating and set a $25.00 price objective on shares of Sunrun in a research report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.26.

Insider Transactions at Sunrun

In related news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary Powell sold 22,549 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.07, for a total transaction of $272,166.43. Following the transaction, the chief executive officer now owns 379,768 shares in the company, valued at approximately $4,583,799.76. The disclosure for this sale can be found here. Insiders sold 301,760 shares of company stock valued at $3,615,990 in the last quarter. 3.76% of the stock is currently owned by corporate insiders.

Sunrun Company 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.