Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 62.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,100 shares of the energy company’s stock after purchasing an additional 15,747 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Sunrun were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUN. Diversified Trust Co purchased a new stake in shares of Sunrun during the fourth quarter worth $221,000. Zweig DiMenna Associates LLC boosted its holdings in shares of Sunrun by 64.8% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 206,913 shares of the energy company’s stock worth $2,599,000 after purchasing an additional 81,363 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Sunrun by 0.7% in the third quarter. Vanguard Group Inc. now owns 19,405,097 shares of the energy company’s stock valued at $243,728,000 after purchasing an additional 126,321 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Sunrun by 112.9% in the third quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after purchasing an additional 1,180,823 shares during the last quarter. Finally, Jump Financial LLC lifted its position in Sunrun by 87.8% during the third quarter. Jump Financial LLC now owns 97,123 shares of the energy company’s stock worth $1,220,000 after buying an additional 45,412 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RUN. BMO Capital Markets upped their target price on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Piper Sandler dropped their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company 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 on the stock in a research note on Friday, April 19th. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.26.

Sunrun Stock Down 4.0 %

Shares of NASDAQ RUN opened at $10.29 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85. The stock has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $13.16.

Sunrun (NASDAQ:RUN) last announced 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). The firm had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. As a group, sell-side analysts expect that Sunrun Inc. will post -1.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. In related news, Director Edward Harris Fenster sold 172,920 shares of the firm’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 value of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $122,824.32. Following the transaction, the insider now owns 228,743 shares of the company’s stock, valued at approximately $2,760,928.01. The disclosure for this sale can be found here. Insiders have sold a total of 301,760 shares of company stock worth $3,615,990 in the last ninety days. 3.76% of the stock is 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.