Ridgecrest Wealth Partners LLC Has $740,000 Stock Position in Sunrun Inc. (NASDAQ:RUN)

Ridgecrest Wealth Partners LLC lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,000 shares of the energy company’s stock after purchasing an additional 7,929 shares during the quarter. Ridgecrest Wealth Partners LLC’s holdings in Sunrun were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Erste Asset Management GmbH bought a new position in Sunrun during the third quarter worth about $76,152,000. Sylebra Capital LLC bought a new position in shares of Sunrun during the 2nd quarter worth approximately $35,387,000. Greenvale Capital LLP lifted its position in shares of Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares during the period. FMR LLC boosted its stake in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after buying an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Sunrun by 113.5% during 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 acquiring an additional 1,337,302 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Sunrun Trading Up 9.5 %

Sunrun stock opened at $10.23 on Monday. Sunrun Inc. has a twelve month low of $8.22 and a twelve month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a 50 day moving average of $10.23 and a 200-day moving average of $14.56.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) 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 firm had revenue of $537.17 million for the quarter, compared to the consensus estimate of $560.60 million. During the same quarter last year, the company posted $0.40 EPS. Equities analysts predict that Sunrun Inc. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RUN shares. The Goldman Sachs Group reduced their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Jefferies Financial Group reduced their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Barclays dropped their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. Finally, Guggenheim cut Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average price target of $19.11.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the transaction, the director now directly owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This represents a 4.38 % 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, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock valued at $1,614,147 in the last ninety days. 3.77% of the stock is currently owned by corporate insiders.

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.