Hel Ved Capital Management Ltd Purchases New Position in Sunrun Inc. (NASDAQ:RUN)

Hel Ved Capital Management Ltd purchased a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 193,230 shares of the energy company's stock, valued at approximately $1,787,000. Hel Ved Capital Management Ltd owned approximately 0.09% of Sunrun at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Newbridge Financial Services Group Inc. grew 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 acquiring an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun in the third quarter valued at $44,000. Summit Securities Group LLC bought a new position in shares of Sunrun during the 4th quarter valued at about $53,000. Union Bancaire Privee UBP SA acquired a new position in Sunrun in the fourth quarter worth approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the fourth quarter worth $94,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Down 7.1 %

Shares of NASDAQ:RUN traded down $0.46 during trading on Thursday, hitting $5.98. 7,700,061 shares of the company were exchanged, compared to its average volume of 10,774,811. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -3.29 and a beta of 2.74. 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 firm has a fifty day moving average price of $7.28 and a two-hundred day moving average price of $10.41.

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the transaction, the executive now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeanna Steele sold 9,942 shares of the firm'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 directly owns 291,238 shares of the company's stock, valued at $1,962,944.12. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,540 shares of company stock worth $1,530,444. Insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

RUN has been the subject of several recent research reports. Royal Bank of Canada cut their price objective on Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. BNP Paribas upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price target for the company in a research note on Tuesday, January 7th. BMO Capital Markets lowered 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. Roth Capital set a $20.00 price objective on Sunrun in a research report on Friday, February 28th. Finally, Truist Financial reiterated a "hold" rating and set a $9.00 target price (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Sunrun presently has a consensus rating of "Moderate Buy" and a consensus target price 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.