Shelton Capital Management Invests $552,000 in Sunrun Inc. (NASDAQ:RUN)

Shelton Capital Management bought a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 59,699 shares of the energy company's stock, valued at approximately $552,000.

Several other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Sunrun in the fourth quarter worth $402,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Sunrun during the fourth quarter valued at about $18,500,000. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $21,511,000 after acquiring an additional 155,311 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Sunrun in the 4th quarter worth approximately $403,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Sunrun by 33.7% during the 3rd 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 in the last quarter. Institutional investors own 91.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RUN. Susquehanna decreased their price target on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research note on Monday. UBS Group decreased their target price on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective on the stock in a research note on Tuesday, January 7th. Roth Capital set a $20.00 target price on Sunrun in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.58.

Sunrun Trading Up 1.0 %

NASDAQ RUN traded up $0.07 during trading on Tuesday, reaching $6.89. 4,360,500 shares of the stock traded hands, compared to its average volume of 10,747,127. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -3.79 and a beta of 2.74. 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 stock's 50-day moving average price is $7.14 and its 200 day moving average price is $10.10.

Insider Buying and Selling

In other news, insider Jeanna Steele sold 9,942 shares of the business'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 owns 291,238 shares of the company's stock, valued at $1,962,944.12. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the transaction, the executive now owns 399,729 shares of the company's stock, valued at approximately $2,694,173.46. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,540 shares of company stock valued at $1,530,444. 3.77% of the stock is owned by company insiders.

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.