Charles Schwab Investment Management Inc. Buys 155,311 Shares of Sunrun Inc. (NASDAQ:RUN)

Charles Schwab Investment Management Inc. lifted its stake in Sunrun Inc. (NASDAQ:RUN) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,325,562 shares of the energy company’s stock after acquiring an additional 155,311 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.04% of Sunrun worth $21,511,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun during the fourth quarter valued at $18,500,000. Norden Group LLC boosted its stake in Sunrun by 11.8% during the fourth quarter. Norden Group LLC now owns 192,326 shares of the energy company’s stock valued at $1,779,000 after buying an additional 20,323 shares during the period. Illinois Municipal Retirement Fund bought a new stake in Sunrun during the fourth quarter valued at $1,209,000. RWC Asset Management LLP boosted its stake in Sunrun by 103.7% during the fourth quarter. RWC Asset Management LLP now owns 492,403 shares of the energy company’s stock valued at $4,555,000 after buying an additional 250,714 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Sunrun during the fourth quarter valued at $56,000. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,466 shares of company stock worth $1,607,397 in the last three months. Corporate insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

RUN has been the topic of a number of research reports. Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and lowered their price target for the company from $14.00 to $8.00 in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. The Goldman Sachs Group cut their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Royal Bank of Canada dropped their price target on Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Sunrun Trading Down 6.6 %

NASDAQ:RUN opened at $6.51 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -3.58 and a beta of 2.84. Sunrun Inc. has a one year low of $5.93 and a one year high of $22.26. The business has a fifty day moving average price of $8.46 and a 200-day moving average price of $11.90.

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.