Sunrun Inc. (NASDAQ:RUN) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 84.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,114 shares of the energy company's stock after selling 70,324 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Sunrun were worth $121,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Sunrun by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock worth $219,679,000 after purchasing an additional 343,448 shares during the last quarter. State Street Corp raised its holdings in shares of Sunrun by 0.6% during the third quarter. State Street Corp now owns 9,159,711 shares of the energy company's stock valued at $165,424,000 after acquiring an additional 54,329 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock valued at $96,019,000 after acquiring an additional 30,549 shares in the last quarter. Erste Asset Management GmbH lifted its position in shares of Sunrun by 16.3% in the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company's stock valued at $47,302,000 after acquiring an additional 672,049 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock worth $61,952,000 after acquiring an additional 1,562,163 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Sunrun

In other Sunrun news, Director Edward Harris Fenster purchased 150,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the purchase, the director now directly owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares of the company's stock, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,466 shares of company stock worth $1,136,397. Insiders own 3.77% of the company's stock.

Sunrun Trading Up 10.7 %

Shares of RUN traded up $0.63 during trading on Tuesday, reaching $6.49. 10,990,226 shares of the company traded hands, compared to its average volume of 10,596,850. The stock has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $11.11. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.55 and a twelve month high of $22.26. The stock has a market cap of $1.47 billion, a PE ratio of -3.55 and a beta of 2.84.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Roth Capital set a $20.00 price objective on Sunrun in a report on Friday, February 28th. TD Cowen decreased their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. BMO Capital Markets lowered their price target on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. Two 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. According to data from MarketBeat, Sunrun presently has a consensus rating of "Moderate Buy" and an average price target of $17.20.

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.