Sunrun Inc. (NASDAQ:RUN) Holdings Lifted by Electron Capital Partners LLC

Electron Capital Partners LLC grew its position in Sunrun Inc. (NASDAQ:RUN) by 30.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 74,058 shares of the energy company’s stock after buying an additional 17,108 shares during the period. Electron Capital Partners LLC’s holdings in Sunrun were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of RUN. The Manufacturers Life Insurance Company boosted its holdings in shares of Sunrun by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 238,803 shares of the energy company’s stock valued at $2,209,000 after acquiring an additional 5,252 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Sunrun by 149.4% in the fourth quarter. Aquatic Capital Management LLC now owns 524,949 shares of the energy company’s stock valued at $4,856,000 after acquiring an additional 314,449 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Sunrun in the fourth quarter valued at approximately $1,767,000. Nebula Research & Development LLC lifted its stake in Sunrun by 22.2% during the fourth quarter. Nebula Research & Development LLC now owns 72,462 shares of the energy company’s stock valued at $670,000 after purchasing an additional 13,160 shares during the last quarter. Finally, Syon Capital LLC acquired a new position in shares of Sunrun in the fourth quarter worth about $110,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. TD Cowen reduced their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Roth Capital set a $20.00 target price on Sunrun in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of “Hold” and a consensus price target of $14.92.

Sunrun Stock Performance

Shares of Sunrun stock opened at $7.50 on Tuesday. Sunrun Inc. has a 12 month low of $5.45 and a 12 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 market capitalization of $1.70 billion, a PE ratio of -4.12 and a beta of 2.74. The stock’s fifty day simple moving average is $6.81 and its 200 day simple moving average is $9.41.

Insider Activity

In other news, insider Jeanna Steele sold 9,942 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $67,009.08. Following the sale, the insider now owns 291,238 shares of the company’s stock, valued at $1,962,944.12. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 16,927 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the transaction, the chief financial officer now owns 231,279 shares of the company’s stock, valued at approximately $1,558,820.46. This represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,540 shares of company stock worth $1,050,944 in the last 90 days. Corporate insiders own 3.77% of the company’s stock.

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.