Guggenheim Capital LLC Has $253,000 Stock Position in Sunrun Inc. (NASDAQ:RUN)

Guggenheim Capital LLC lifted its stake in Sunrun Inc. (NASDAQ:RUN) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,321 shares of the energy company’s stock after acquiring an additional 1,749 shares during the period. Guggenheim Capital LLC’s holdings in Sunrun were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun in the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sunrun in the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. boosted its stake in shares of 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. Summit Securities Group LLC acquired a new stake in shares of Sunrun in the 4th quarter valued at $53,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In other news, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now owns 534,615 shares of the company’s stock, valued at $3,603,305.10. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the sale, the chief financial officer now directly owns 231,279 shares of the company’s stock, valued at $1,558,820.46. The trade was a 6.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,540 shares of company stock valued at $1,050,944 in the last quarter. Company insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RUN. Truist Financial reaffirmed a “hold” rating and issued a $6.00 price target (down from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Citigroup reissued a “neutral” rating and set a $7.00 price target on shares of Sunrun in a research report on Thursday, April 17th. Jefferies Financial Group cut shares of Sunrun from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $8.00 in a research report on Wednesday, March 12th. Barclays reduced their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, BMO Capital Markets reduced their price target on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.92.

Sunrun Stock Performance

Shares of RUN opened at $7.50 on Tuesday. The firm has a 50-day moving average of $6.81 and a 200-day moving average of $9.41. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The company has a market cap of $1.70 billion, a PE ratio of -4.12 and a beta of 2.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

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.