ExodusPoint Capital Management LP Purchases 51,972 Shares of Sunrun Inc. (NASDAQ:RUN)

ExodusPoint Capital Management LP boosted its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 54.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,815 shares of the energy company's stock after acquiring an additional 51,972 shares during the quarter. ExodusPoint Capital Management LP owned 0.07% of Sunrun worth $1,358,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RUN. KLP Kapitalforvaltning AS acquired a new position in Sunrun in the fourth quarter valued at $402,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun in the fourth quarter valued at about $18,500,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Sunrun by 7.2% in 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 bought a new position in Sunrun in the 4th quarter valued at $403,000. Finally, Principal Financial Group Inc. increased its holdings in Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock worth $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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RUN shares. Susquehanna decreased their price objective on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday. StockNews.com raised Sunrun to a "sell" rating in a report on Friday, December 20th. BMO Capital Markets cut their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, March 3rd. Truist Financial reissued a "hold" rating and set a $9.00 price target (down from $12.00) on shares of Sunrun in a research note on Monday, March 3rd. Finally, Roth Capital set a $20.00 target price on Sunrun in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunrun has a consensus rating of "Moderate Buy" and a consensus target price of $16.58.

Insider Activity at Sunrun

In other news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction 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. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now owns 991,753 shares of the company's stock, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,540 shares of company stock valued at $1,530,444. 3.77% of the stock is owned by corporate insiders.

Sunrun Stock Up 0.8 %

Shares of NASDAQ RUN traded up $0.06 during midday trading on Tuesday, hitting $6.88. The stock had a trading volume of 3,144,003 shares, compared to its average volume of 10,743,462. The business's 50 day moving average is $7.14 and its 200-day moving average is $10.10. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market cap of $1.56 billion, a P/E ratio of -3.78 and a beta of 2.74.

Sunrun 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.