Mirova Grows Position in Sunrun Inc. (NASDAQ:RUN)

Mirova lifted its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 570,462 shares of the energy company's stock after purchasing an additional 113,085 shares during the quarter. Mirova owned about 0.25% of Sunrun worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC lifted its stake in Sunrun by 9.3% during the third quarter. MML Investors Services LLC now owns 43,313 shares of the energy company's stock worth $782,000 after purchasing an additional 3,689 shares in the last quarter. Virtu Financial LLC acquired a new position in Sunrun during the 3rd quarter worth about $482,000. Wilmington Savings Fund Society FSB purchased a new position in Sunrun during the 3rd quarter valued at about $44,000. Franklin Resources Inc. acquired a new position in Sunrun in the 3rd quarter valued at about $896,000. Finally, Principal Financial Group Inc. increased its stake 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 purchasing an additional 367,835 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the transaction, the executive now owns 399,729 shares in the company, valued at $2,694,173.46. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the sale, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock worth $1,050,944 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Sunrun Stock Performance

NASDAQ RUN traded down $0.22 during trading on Wednesday, reaching $6.66. The company's stock had a trading volume of 13,529,736 shares, compared to its average volume of 10,727,422. The business's fifty day moving average price is $6.90 and its 200-day moving average price is $9.69. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -3.66 and a beta of 2.74. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26.

Wall Street Analyst Weigh In

RUN has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Susquehanna decreased their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday. Finally, Barclays reduced their price target on Sunrun from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $14.92.

About Sunrun

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.