Sunrun Inc. (NASDAQ:RUN) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its holdings in Sunrun Inc. (NASDAQ:RUN - Free Report) by 149.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 524,949 shares of the energy company's stock after buying an additional 314,449 shares during the quarter. Aquatic Capital Management LLC owned about 0.23% of Sunrun worth $4,856,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RUN. Norges Bank purchased a new position in Sunrun in the fourth quarter worth about $31,022,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun during the 4th quarter valued at approximately $18,500,000. Dimensional Fund Advisors LP raised its stake in Sunrun by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after purchasing an additional 1,427,858 shares in the last quarter. Invesco Ltd. lifted its position in Sunrun by 20.8% during the fourth quarter. Invesco Ltd. now owns 6,008,879 shares of the energy company's stock valued at $55,582,000 after purchasing an additional 1,035,096 shares during the last quarter. Finally, EVR Research LP bought a new position in Sunrun during the fourth quarter valued at $7,400,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RUN. Roth Capital set a $20.00 price objective on shares of Sunrun 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 for the company in a report on Wednesday, January 8th. Citigroup reissued a "neutral" rating and set a $7.00 target price on shares of Sunrun in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Truist Financial reaffirmed a "hold" rating and issued a $6.00 price objective (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $14.92.

Sunrun Price Performance

RUN stock traded down $0.53 during trading on Wednesday, hitting $6.89. The stock had a trading volume of 11,030,129 shares, compared to its average volume of 10,737,935. The stock has a market capitalization of $1.56 billion, a P/E ratio of -3.79 and a beta of 2.74. The company's 50-day moving average price is $6.79 and its two-hundred day moving average price is $9.40. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26. 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, insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the sale, the insider now owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the sale, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,540 shares of company stock worth $1,050,944 in the last ninety days. 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.