Norden Group LLC Grows Stock Position in Sunrun Inc. (NASDAQ:RUN)

Norden Group LLC increased its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,234 shares of the energy company’s stock after purchasing an additional 15,640 shares during the quarter. Sunrun accounts for approximately 0.4% of Norden Group LLC’s holdings, making the stock its 22nd biggest position. Norden Group LLC owned approximately 0.05% of Sunrun worth $2,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUN. C M Bidwell & Associates Ltd. increased its position in Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after purchasing an additional 2,211 shares during the period. Fifth Third Bancorp grew its stake 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 worth $35,000 after purchasing an additional 764 shares during the period. Versant Capital Management Inc grew 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 purchasing an additional 1,127 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Sunrun by 69.8% in the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after purchasing an additional 1,375 shares during the period. Finally, USCF Advisers LLC boosted its holdings in Sunrun by 130.0% during 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 in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Trading Down 3.5 %

NASDAQ:RUN traded down $0.37 during mid-day trading on Tuesday, reaching $10.35. The company’s stock had a trading volume of 3,737,037 shares, compared to its average volume of 13,910,464. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The stock has a market cap of $2.27 billion, a P/E ratio of -1.43 and a beta of 2.46. The company’s fifty day simple moving average is $11.61 and its two-hundred day simple moving average is $13.16. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85.

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

Insider Buying and Selling

In other news, Director Alan Ferber purchased 10,000 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $9.73 per share, with a total value of $97,300.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $97,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sunrun news, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $9.73 per share, with a total value of $97,300.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $97,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lynn Michelle Jurich sold 2,836 shares of Sunrun stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.01, for a total transaction of $28,388.36. Following the transaction, the director now directly owns 1,399,810 shares in the company, valued at $14,012,098.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Sunrun in a research note on Monday, February 26th. BMO Capital Markets raised their price target on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Piper Sandler decreased their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and issued a $19.00 price objective on shares of Sunrun in a research note on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.26.

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.