Newbridge Financial Services Group Inc. Purchases 2,000 Shares of Sunrun Inc. (NASDAQ:RUN)

Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 133.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the energy company’s stock after acquiring an additional 2,000 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Sunrun were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Sunrun in the 2nd quarter worth approximately $436,000. Cetera Investment Advisers grew its position in Sunrun by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 100,017 shares of the energy company’s stock worth $1,186,000 after purchasing an additional 4,840 shares during the period. Creative Planning grew its position in Sunrun by 0.3% in the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after purchasing an additional 784 shares during the period. Bleakley Financial Group LLC grew its position in Sunrun by 22.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,583 shares of the energy company’s stock worth $245,000 after purchasing an additional 2,483 shares during the period. Finally, Blue Trust Inc. grew its position in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the period. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RUN. Oppenheimer cut their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Barclays dropped their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Glj Research reiterated a “sell” rating and set a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price target 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Sunrun has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 3,734 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 $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock worth $1,614,147 in the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

Sunrun Stock Down 3.1 %

Shares of RUN stock opened at $8.10 on Wednesday. The stock has a market cap of $1.82 billion, a P/E ratio of -4.45 and a beta of 2.59. Sunrun Inc. has a 52 week low of $7.93 and a 52 week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company’s fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $13.87.

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.