Amalgamated Bank Cuts Holdings in Sunrun by 5.2% in Q1
August 1, 2023
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Sunrun Inc ($NASDAQ:RUN). is a leading provider of residential solar energy systems in the United States. The reduction in Amalgamated Bank’s holdings in Sunrun Inc. signals a potential shift in investor sentiment towards the company. Sunrun Inc. has been struggling to maintain positive financial performance since the coronavirus pandemic began. The reduced holdings in Sunrun Inc. by Amalgamated Bank could be seen as a warning sign for other investors, as large institutional investors such as banks usually have access to better and more comprehensive market information than retail investors.
Analysis
At GoodWhale, we conducted an analysis of SUNRUN INC’s fundamentals. Based on our Star Chart, SUNRUN INC is strong in growth and weak in asset, dividend, and profitability. This type of company may appeal to aggressive investors looking for short-term gains. However, SUNRUN INC’s low health score of 2/10 when considering its cashflows and debt suggests that it could be less likely to sustain future operations in difficult times. Therefore, investors should conduct their own due diligence to determine if this stock is suitable for their portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunrun Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.42k | 20.77 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunrun Inc. More…
| Operations | Investing | Financing |
| -1.03k | -2.09k | 3.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunrun Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.73k | 11.56k | 30.02 |
Key Ratios Snapshot
Some of the financial key ratios for Sunrun Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.3% | – | -24.3% |
| FCF Margin | ROE | ROA |
| -129.4% | -5.6% | -1.9% |
Peers
The solar industry is highly competitive, with companies constantly vying for market share. Sunrun Inc is one of the leading solar companies, and its main competitors are Canadian Solar Inc, SolarEdge Technologies Inc, and Enphase Energy Inc. All of these companies are fighting for a piece of the pie, and each has its own unique strengths and weaknesses.
– Canadian Solar Inc ($NASDAQ:CSIQ)
As of 2022, Canadian Solar Inc has a market cap of 1.95B and a Return on Equity of 9.55%. The company is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions. It has a strong presence in the global solar market with a manufacturing capacity of 2.4 GW and sales operations in over 70 countries. Canadian Solar is committed to providing high-quality solar products and services to customers around the world.
– SolarEdge Technologies Inc ($NASDAQ:SEDG)
SolarEdge Technologies Inc is a provider of solar power harvesting and monitoring solutions. The company’s market cap as of 2022 is 11.28B and its ROE is 8.11%. SolarEdge’s solutions enable the maximization of solar power generation while minimizing the cost of energy for residential, commercial, and utility-scale customers.
– Enphase Energy Inc ($NASDAQ:ENPH)
Enphase Energy Inc is a publicly traded company that designs, manufactures and sells microinverters for the solar photovoltaic industry. It has a market capitalization of $34.14 billion as of 2022 and a return on equity of 58.92%. The company’s products are used in residential, commercial and utility-scale solar photovoltaic systems. Enphase Energy was founded in 2006 and is headquartered in Fremont, California.
Summary
Sunrun Inc. is a company in the solar energy space that has seen its stock price move up the same day that Amalgamated Bank, a major shareholder, announced a 5.2% reduction in its holdings. This could be interpreted as a bullish signal, as it could mean that Amalgamated Bank is confident that the stock will be able to increase in value beyond what it currently is at. Investors looking to make an informed decision might want to take a closer look at Sunrun Inc. to understand the current market conditions, industry trends, and the company’s competitive position in the industry. Additionally, they should be aware of potential future risk factors such as changes in technology or policy that could affect the long-term value of the company’s stock.
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