Sunrun Inc. (NASDAQ:RUN) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,502 shares of the energy company’s stock after selling 3,603 shares during the quarter. Van ECK Associates Corp’s holdings in Sunrun were worth $430,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in 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 acquiring an additional 367,835 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Sunrun during the third quarter worth approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Aigen Investment Management LP purchased a new stake in Sunrun during the 3rd quarter valued at approximately $955,000. Finally, Assenagon Asset Management S.A. increased its stake in Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after buying an additional 927,947 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares in the company, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,830 shares of company stock worth $1,572,147. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RUN shares. TD Cowen began coverage on Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. BMO Capital Markets reduced their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Truist Financial reissued a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, Roth Mkm lowered their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.36.

Sunrun Trading Down 1.4 %

NASDAQ RUN opened at $8.42 on Friday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -4.63 and a beta of 2.59. The company’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $13.43. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a 12 month low of $7.87 and a 12 month high of $22.26.

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.