OLD National Bancorp IN Has $1.36 Million Stock Position in Sunrun Inc. (NASDAQ:RUN)

OLD National Bancorp IN lessened its stake in Sunrun Inc. (NASDAQ:RUN) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,935 shares of the energy company’s stock after selling 21,823 shares during the quarter. OLD National Bancorp IN owned about 0.07% of Sunrun worth $1,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Sunrun during the third quarter valued at approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Sunrun in the 3rd quarter valued at $955,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after purchasing an additional 927,947 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Activity

In other news, CEO Mary Powell sold 4,350 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,614,147 in the last ninety days. 3.77% of the stock is owned by company insiders.

Sunrun Stock Performance

NASDAQ:RUN opened at $9.05 on Friday. The company has a market capitalization of $2.03 billion, a PE ratio of -4.97 and a beta of 2.58. Sunrun Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a 50 day simple moving average of $10.16 and a two-hundred day simple moving average of $14.34.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The firm had revenue of $537.17 million for the quarter, compared to the consensus estimate of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same period in the prior year, the business earned $0.40 EPS. Research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the subject of several recent analyst reports. Susquehanna dropped their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Tuesday, January 7th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.36.

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.