Skandinaviska Enskilda Banken AB publ Trims Holdings in Sunrun Inc. (NASDAQ:RUN)

Skandinaviska Enskilda Banken AB publ trimmed its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,274 shares of the energy company's stock after selling 37,686 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Sunrun were worth $734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. increased its stake in shares of Sunrun by 133.3% in 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. Wilmington Savings Fund Society FSB bought a new stake in Sunrun during the third quarter valued at about $44,000. Union Bancaire Privee UBP SA purchased a new position in shares of Sunrun in the fourth quarter valued at about $56,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sunrun in the fourth quarter worth about $94,000. Finally, Alterna Wealth Management Inc. purchased a new stake in shares of Sunrun during the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RUN. JPMorgan Chase & Co. dropped their price target on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Truist Financial restated a "hold" rating and set a $9.00 target price (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. Piper Sandler cut shares of Sunrun from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Sunrun to a "sell" rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sunrun has an average rating of "Moderate Buy" and a consensus price target of $17.20.

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Sunrun Stock Down 1.8 %

Shares of NASDAQ:RUN traded down $0.12 on Friday, reaching $6.59. The company had a trading volume of 14,118,589 shares, compared to its average volume of 10,688,517. 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 market capitalization of $1.49 billion, a PE ratio of -3.62 and a beta of 2.84. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26. The firm's 50 day simple moving average is $8.30 and its 200-day simple moving average is $11.82.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now owns 560,321 shares of the company's stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 over the last quarter. Insiders own 3.77% of the company's stock.

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.