Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Norden Group LLC

Norden Group LLC boosted its stake in Sunrun Inc. (NASDAQ:RUN) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,326 shares of the energy company’s stock after purchasing an additional 20,323 shares during the period. Norden Group LLC owned approximately 0.09% of Sunrun worth $1,779,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund acquired a new stake in Sunrun in the 4th quarter valued at $1,209,000. RWC Asset Management LLP increased its holdings in Sunrun by 103.7% in the 4th quarter. RWC Asset Management LLP now owns 492,403 shares of the energy company’s stock valued at $4,555,000 after purchasing an additional 250,714 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Sunrun in the 4th quarter valued at $56,000. CIBC Asset Management Inc increased its holdings in Sunrun by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 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 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. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares in the company, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,830 shares of company stock worth $1,572,147. 3.77% of the stock is owned by company insiders.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $7.25 on Friday. The firm’s 50 day moving average is $9.28 and its two-hundred day moving average is $13.08. Sunrun Inc. has a 52 week low of $6.99 and a 52 week high of $22.26. The firm has a market capitalization of $1.63 billion, a P/E ratio of -3.98 and a beta of 2.59. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RUN shares. BNP Paribas raised shares of 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. Glj Research reissued a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Barclays decreased their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Roth Mkm decreased their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.01.

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.