43,500 Shares in Sunrun Inc. (NASDAQ:RUN) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,500 shares of the energy company’s stock, valued at approximately $402,000.

A number of other large investors have also bought and sold shares of RUN. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the 3rd quarter valued at approximately $44,000. Newbridge Financial Services Group Inc. raised its holdings in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun during the fourth quarter worth $56,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sunrun in the fourth quarter worth $94,000. Finally, Alterna Wealth Management Inc. purchased a new position in shares of Sunrun in the fourth quarter valued at $96,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Performance

NASDAQ:RUN opened at $6.99 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $22.26. The firm has a market cap of $1.58 billion, a PE ratio of -3.84 and a beta of 2.74. The business has a 50 day moving average price of $7.61 and a 200-day moving average price of $10.87.

Wall Street Analyst Weigh In

RUN has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Roth Capital set a $20.00 price objective on shares of Sunrun in a research report on Friday, February 28th. 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 report on Tuesday, March 4th. Royal Bank of Canada cut their price target on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Insider Activity at Sunrun

In related news, CFO Danny Abajian sold 3,734 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the sale, the chief financial officer now owns 257,969 shares in the company, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares of the company’s stock, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,466 shares of company stock worth $1,136,397 in the last three months. 3.77% of the stock is owned by 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.