Sunrun Inc. (NASDAQ:RUN) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,789,213 shares of the energy company's stock after buying an additional 672,049 shares during the quarter. Erste Asset Management GmbH owned about 2.13% of Sunrun worth $47,302,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth about $44,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun during the fourth quarter worth about $56,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the fourth quarter worth about $94,000. Finally, Alterna Wealth Management Inc. acquired a new stake in shares of Sunrun during the fourth quarter worth about $96,000. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster acquired 150,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,466 shares of company stock worth $1,607,397. Insiders own 3.77% of the company's stock.

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Sunrun Stock Performance

Shares of RUN traded up $0.29 during mid-day trading on Friday, reaching $6.50. 9,994,201 shares of the company's stock were exchanged, compared to its average volume of 10,711,957. 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 stock has a market capitalization of $1.47 billion, a PE ratio of -3.57 and a beta of 2.84. The business's fifty day simple moving average is $8.64 and its 200-day simple moving average is $12.15. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial reissued a "hold" rating and set a $9.00 price target (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. BMO Capital Markets reduced their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, March 3rd. TD Cowen reduced their target price on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, StockNews.com raised shares of Sunrun to a "sell" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.20.

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.