Harvard Management Co Inc adds Sunrun Inc (RUN) to its portfolio

Sunrun Inc (RUN) : Harvard Management Co Inc added new position in Sunrun Inc during the most recent quarter end. The investment management firm now holds 46,200 shares of Sunrun Inc which is valued at $287,826 , the company said in a statement filed on Aug 12, 2016 with the SEC.Sunrun Inc makes up approximately 0.06% of Harvard Management Co Inc’s portfolio.

Other Hedge Funds, Including , Yale University added RUN to its portfolio by purchasing 46,200 company shares during the most recent quarter which is valued at $287,826. Sunrun Inc makes up approx 0.07% of Yale University’s portfolio.Tiaa Cref Investment Management boosted its stake in RUN in the latest quarter, The investment management firm added 139,203 additional shares and now holds a total of 189,741 shares of Sunrun Inc which is valued at $1,182,086.First Trust Advisors Lp reduced its stake in RUN by selling 301 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 100,198 shares of RUN which is valued at $520,028.

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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