Adams Street Partners adds Sunrun Inc (RUN) to its portfolio

Sunrun Inc (RUN) : Adams Street Partners added new position in Sunrun Inc during the most recent quarter end. The investment management firm now holds 71,960 shares of Sunrun Inc which is valued at $448,311 , the company said in a statement filed on Aug 10, 2016 with the SEC.Sunrun Inc makes up approximately 0.07% of Adams Street Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in RUN in the latest quarter, The investment management firm added 191,806 additional shares and now holds a total of 256,753 shares of Sunrun Inc which is valued at $1,599,571.Robecosam Usa reduced its stake in RUN by selling 44,000 shares or 69.84% in the most recent quarter. The Hedge Fund company now holds 19,000 shares of RUN which is valued at $98,610. Sunrun Inc makes up approx 0.12% of Robecosam Usa’s portfolio. State Treasurer State Of Michigan added RUN to its portfolio by purchasing 27,165 company shares during the most recent quarter which is valued at $134,195. Great West Life Assurance Co Can added RUN to its portfolio by purchasing 12,315 company shares during the most recent quarter which is valued at $60,836. Hamilton Lane Advisors added RUN to its portfolio by purchasing 101,170 company shares during the most recent quarter which is valued at $517,990. Sunrun Inc makes up approx 0.24% of Hamilton Lane Advisors’s portfolio.

On the company’s financial health, Sunrun Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.84 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $-0.53. The company had revenue of $122.60 million for the quarter, compared to analysts expectations of $111.15 million. The company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

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.

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