2,000,000 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd acquired a new position in Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,000,000 shares of the energy company’s stock, valued at approximately $18,500,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.89% of Sunrun as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the period. Newbridge Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 2,000 shares during the period. Blue Trust Inc. grew its stake in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun during the 3rd quarter valued at about $44,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun during the 4th quarter valued at about $56,000. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen cut their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. Truist Financial reiterated a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Jefferies Financial Group cut their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.01.

Sunrun Stock Down 8.3 %

Shares of RUN opened at $7.25 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -3.98 and a beta of 2.59. Sunrun Inc. has a 1 year low of $6.99 and a 1 year high of $22.26. The business’s 50 day simple moving average is $9.28 and its 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the business’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 transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,572,147 in the last ninety days. Corporate insiders own 3.77% of the company’s stock.

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.