Handelsbanken Fonder AB Purchases 388,523 Shares of Sunrun Inc. (NASDAQ:RUN)

Handelsbanken Fonder AB boosted its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 40.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,338,168 shares of the energy company's stock after buying an additional 388,523 shares during the quarter. Handelsbanken Fonder AB owned 0.59% of Sunrun worth $7,842,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Alyeska Investment Group L.P. boosted its holdings in shares of Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after purchasing an additional 10,294,947 shares during the period. Greenvale Capital LLP boosted its stake in shares of Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after buying an additional 4,516,793 shares during the period. Sylebra Capital LLC grew its holdings in shares of Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock valued at $61,819,000 after acquiring an additional 3,699,405 shares in the last quarter. Norges Bank acquired a new position in shares of Sunrun in the fourth quarter worth $31,022,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun during the fourth quarter worth $18,500,000. Institutional investors own 91.69% of the company's stock.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now owns 291,238 shares in the company, valued at approximately $1,962,944.12. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the acquisition, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 88,993 shares of company stock worth $612,979 over the last ninety days. Insiders own 3.37% of the company's stock.

Sunrun Stock Up 18.1%

RUN stock traded up $1.53 during trading on Friday, reaching $10.00. The stock had a trading volume of 42,796,049 shares, compared to its average volume of 12,111,372. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The company's 50 day moving average is $7.96 and its two-hundred day moving average is $8.51. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -5.49 and a beta of 2.61. 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 (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The business had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted ($0.40) earnings per share. Equities research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

RUN has been the topic of several analyst reports. Glj Research upgraded shares of Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 price target on the stock in a research note on Friday, May 30th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research report on Wednesday, April 23rd. BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $9.00 to $4.00 in a research report on Thursday, May 22nd. Royal Bank of Canada reissued an "outperform" rating and set a $12.00 price objective on shares of Sunrun in a report on Tuesday, June 3rd. Finally, Susquehanna cut their price objective 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 analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Sunrun presently has a consensus rating of "Hold" and a consensus target price of $14.06.

Sunrun 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.