Edgestream Partners L.P. Raises Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Edgestream Partners L.P. lifted its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 771.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,968 shares of the energy company's stock after buying an additional 78,758 shares during the period. Edgestream Partners L.P.'s holdings in Sunrun were worth $1,607,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RUN. International Assets Investment Management LLC increased its holdings in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its holdings in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Sunrun in the 2nd quarter valued at $36,000. CWM LLC grew its stake in shares of Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun during the second quarter valued at about $45,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares of the company's stock, valued at $24,087,409.20. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Danny Abajian sold 2,141 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $39,030.43. Following the transaction, the chief financial officer now owns 276,119 shares of the company's stock, valued at approximately $5,033,649.37. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,719 shares of company stock valued at $2,859,999 over the last quarter. 3.77% of the stock is owned by company insiders.

Analyst Ratings Changes

RUN has been the subject of several recent analyst reports. Truist Financial restated a "hold" rating and set a $12.00 target price (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on Sunrun from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Morgan Stanley lowered their price objective on shares of Sunrun from $35.00 to $27.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Roth Mkm decreased their price target on shares of Sunrun from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Guggenheim lowered shares of Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $19.28.

Sunrun Stock Performance

Shares of NASDAQ RUN traded down $0.55 during mid-day trading on Wednesday, reaching $10.71. 8,126,538 shares of the company's stock were exchanged, compared to its average volume of 11,857,037. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -6.19 and a beta of 2.54. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a 50-day moving average price of $13.77 and a two-hundred day moving average price of $15.39.

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.