Electron Capital Partners LLC Boosts Stock Position in Sunrun Inc. (NASDAQ:RUN)

Electron Capital Partners LLC lifted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,058 shares of the energy company’s stock after buying an additional 17,108 shares during the period. Electron Capital Partners LLC’s holdings in Sunrun were worth $685,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RUN. Norges Bank acquired a new position in Sunrun during the fourth quarter worth $31,022,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Sunrun during the 4th quarter worth $18,500,000. Dimensional Fund Advisors LP boosted its position in shares of Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company’s stock worth $61,252,000 after buying an additional 1,427,858 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sunrun by 20.8% in the 4th quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company’s stock worth $55,582,000 after buying an additional 1,035,096 shares in the last quarter. Finally, EVR Research LP purchased a new stake in shares of Sunrun in the 4th quarter worth about $7,400,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Up 1.5 %

Shares of NASDAQ:RUN opened at $7.50 on Tuesday. 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 52-week low of $5.45 and a 52-week high of $22.26. The company has a 50 day moving average of $6.81 and a two-hundred day moving average of $9.41. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -4.12 and a beta of 2.74.

Insider Buying and Selling at Sunrun

In other news, insider Jeanna Steele sold 9,942 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $67,009.08. Following the transaction, the insider now directly owns 291,238 shares in the company, valued at approximately $1,962,944.12. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the sale, the director now directly owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 over the last 90 days. 3.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on RUN. Citigroup reiterated a “neutral” rating and issued a $7.00 price objective on shares of Sunrun in a research report on Thursday, April 17th. TD Cowen decreased their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company decreased their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.92.

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.