Handelsbanken Fonder AB Has $66.71 Million Holdings in Sunrun Inc. (NASDAQ:RUN)

Handelsbanken Fonder AB decreased its holdings in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398,163 shares of the energy company's stock after selling 413,475 shares during the period. Handelsbanken Fonder AB owned about 1.56% of Sunrun worth $66,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. C M Bidwell & Associates Ltd. raised its stake in Sunrun by 1,483.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company's stock valued at $30,000 after purchasing an additional 2,211 shares during the last quarter. Fifth Third Bancorp raised its stake in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc raised its stake in Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company's stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Sunrun by 69.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company's stock worth $42,000 after acquiring an additional 1,375 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of Sunrun by 735.2% in the 1st quarter. Belpointe Asset Management LLC now owns 2,113 shares of the energy company's stock worth $43,000 after acquiring an additional 1,860 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Sunrun from $17.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, March 15th. The Goldman Sachs Group raised their target price on Sunrun from $20.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. KeyCorp restated a "sector weight" rating on shares of Sunrun in a report on Thursday, January 4th. Mizuho lowered their target price on Sunrun from $28.00 to $23.00 and set a "buy" rating for the company in a report on Friday. Finally, BMO Capital Markets raised their target price on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Sunrun has a consensus rating of "Moderate Buy" and a consensus target price of $21.26.

Sunrun Stock Up 1.4 %

Shares of NASDAQ RUN traded up $0.14 during midday trading on Friday, hitting $10.25. 14,425,666 shares of the company's stock were exchanged, compared to its average volume of 12,923,043. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85. The company has a market cap of $2.25 billion, a PE ratio of -1.39 and a beta of 2.46. The firm's fifty day simple moving average is $12.36 and its 200-day simple moving average is $13.20.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business had revenue of $516.59 million for the quarter, compared to analyst estimates of $499.74 million. Research analysts predict that Sunrun Inc. will post -1.74 EPS for the current fiscal year.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 5,424 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the sale, the chief executive officer now owns 411,628 shares of the company's stock, valued at approximately $4,988,931.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 2,836 shares of Sunrun stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $10.01, for a total transaction of $28,388.36. Following the transaction, the director now owns 1,399,810 shares of the company's stock, valued at $14,012,098.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary Powell sold 5,424 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the transaction, the chief executive officer now directly owns 411,628 shares in the company, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 301,760 shares of company stock valued at $3,615,990. Corporate insiders own 3.76% of the company's stock.

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.