Sunrun Inc. (NASDAQ:RUN) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC raised its position in shares of Sunrun Inc. (NASDAQ:RUN) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,462 shares of the energy company’s stock after buying an additional 13,160 shares during the quarter. Nebula Research & Development LLC’s holdings in Sunrun were worth $670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in Sunrun during the fourth quarter valued at approximately $402,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Sunrun during the 4th quarter valued at approximately $18,500,000. Charles Schwab Investment Management Inc. grew its stake in Sunrun by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock worth $21,511,000 after buying an additional 155,311 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Sunrun in the fourth quarter worth $403,000. Finally, Principal Financial Group Inc. lifted its stake in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, January 7th. TD Cowen reduced their price target on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Susquehanna reduced their price target on shares of Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a report on Monday, April 14th. Roth Capital set a $20.00 price target on shares of Sunrun in a report on Friday, February 28th. Finally, Jefferies Financial Group downgraded shares of Sunrun from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $8.00 in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.92.

Insiders Place Their Bets

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the sale, the executive now owns 399,729 shares in the company, valued at approximately $2,694,173.46. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 16,927 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the sale, the chief financial officer now owns 231,279 shares in the company, valued at approximately $1,558,820.46. The trade was a 6.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,540 shares of company stock worth $1,050,944. 3.77% of the stock is owned by corporate insiders.

Sunrun Price Performance

Shares of Sunrun stock opened at $7.50 on Tuesday. 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’s 50-day moving average price is $6.81 and its two-hundred day moving average price is $9.41. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The stock has a market cap of $1.70 billion, a PE ratio of -4.12 and a beta of 2.74.

Sunrun Company Profile

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.