Sunrun Inc. (NASDAQ:RUN) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 576,590 shares of the energy company's stock after selling 78,527 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.26% of Sunrun worth $5,333,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Sunrun in the 4th quarter valued at $402,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun during the 4th quarter worth approximately $18,500,000. Charles Schwab Investment Management Inc. boosted its position in Sunrun by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after acquiring an additional 155,311 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Sunrun during the 4th quarter worth approximately $403,000. Finally, Soros Fund Management LLC boosted its holdings in shares of Sunrun by 1,994.7% in the 4th quarter. Soros Fund Management LLC now owns 1,675,798 shares of the energy company's stock valued at $15,501,000 after buying an additional 1,595,798 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Insider Activity

In other Sunrun news, CFO Danny Abajian sold 16,927 shares of the 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 $114,087.98. Following the transaction, the chief financial officer now owns 231,279 shares of the company's stock, valued at $1,558,820.46. This trade represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward Harris Fenster purchased 150,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the purchase, the director now owns 1,358,182 shares of the company's stock, valued at $9,235,637.60. This trade represents a 12.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 88,540 shares of company stock valued at $595,944. Insiders own 3.37% of the company's stock.

Sunrun Price Performance

Sunrun stock traded down $0.38 during midday trading on Wednesday, reaching $6.81. The company had a trading volume of 17,298,570 shares, compared to its average volume of 11,682,699. The company has a market capitalization of $1.56 billion, a P/E ratio of -3.76 and a beta of 2.66. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26. The firm's fifty day simple moving average is $7.58 and its 200-day simple moving average is $8.69. 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 (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) EPS. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial reissued a "hold" rating and set a $6.00 target price (down previously from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Jefferies Financial Group reduced their price target on Sunrun from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Wednesday. Citigroup reaffirmed a "neutral" rating and issued a $7.00 price objective on shares of Sunrun in a research note on Thursday, April 17th. UBS Group reaffirmed a "buy" rating and issued a $17.00 price objective on shares of Sunrun in a research note on Wednesday, May 14th. Finally, Susquehanna dropped their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.38.

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.