Arosa Capital Management LP Has $4.58 Million Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Arosa Capital Management LP decreased its position in Sunrun Inc. (NASDAQ:RUN) by 39.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,800 shares of the energy company’s stock after selling 163,000 shares during the period. Sunrun makes up 1.8% of Arosa Capital Management LP’s portfolio, making the stock its 14th largest position. Arosa Capital Management LP owned approximately 0.11% of Sunrun worth $4,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its position in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in Sunrun in the 2nd quarter valued at approximately $36,000. CWM LLC boosted its position in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun during the 2nd quarter worth approximately $45,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Trading Down 0.2 %

RUN opened at $11.53 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $9.23 and a twelve month high of $22.26. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -6.34 and a beta of 2.61. The company has a 50-day simple moving average of $14.07 and a 200 day simple moving average of $15.38.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RUN shares. Susquehanna decreased their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Barclays decreased their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. BNP Paribas downgraded Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Friday, November 8th. Glj Research reaffirmed a “sell” rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. Finally, Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.28.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the director now owns 1,092,446 shares in the company, valued at $10,858,913.24. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares of the company’s stock, valued at $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock worth $3,071,225 over the last three months. Insiders own 3.77% of the company’s stock.

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.