Sunrun Inc (RUN) : Board Of Trustees Of The Leland Stanford Junior University added new position in Sunrun Inc during the most recent quarter end. The investment management firm now holds 43,562 shares of Sunrun Inc which is valued at $287,945 , the company said in a statement filed on May 12, 2016 with the SEC.Sunrun Inc makes up approximately 0.04% of Board Of Trustees Of The Leland Stanford Junior University’s portfolio.
Other Hedge Funds, Including , Group One Trading added RUN to its portfolio by purchasing 1,500 company shares during the most recent quarter which is valued at $9,915.Blackrock Investment Management boosted its stake in RUN in the latest quarter, The investment management firm added 1,722 additional shares and now holds a total of 64,947 shares of Sunrun Inc which is valued at $429,300.Blackrock Fund Advisors reduced its stake in RUN by selling 4,741 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 418,335 shares of RUN which is valued at $2.8 Million. Financial Architects Inc added RUN to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $3,305. California Public Employees Retirement System added RUN to its portfolio by purchasing 42,000 company shares during the most recent quarter which is valued at $315,000.
On the company’s financial health, Sunrun Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.74 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.61. The company had revenue of $98.74 million for the quarter, compared to analysts expectations of $83.44 million. The company’s revenue was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.74 EPS.
Many Wall Street Analysts have commented on Sunrun Inc. Sunrun Inc was Initiated by Guggenheim to “Buy” on May 4, 2016. Deutsche Bank Initiated Sunrun Inc on Mar 10, 2016 to “Buy”, Price Target of the shares are set at $15.
Sunrun Inc. provides solar energy to homeowners. The Company either directly or through one of its solar partners installs a solar energy system on a customer’s home and either sells the system to the homeowner or as is more often the case sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement (PPA). The Company’s core solar product offerings are provided through a lease or a power purchase agreement which are substantially similar to one another. The Company provides solar service offerings through three channels: its direct-to-consumer channel; its solar partner channel that originates customers for its solar service offerings procures and installs solar energy systems on its customers’ homes on its behalf and a growing set of strategic relationships with recognized non-solar brands. With its solar service offerings the Company installs solar energy systems on its customers’ homes and sells them the solar power.