Quaero Capital S.A. Has $496,000 Holdings in Sunrun Inc. (NASDAQ:RUN)

Quaero Capital S.A. decreased its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,673 shares of the energy company’s stock after selling 18,119 shares during the quarter. Quaero Capital S.A.’s holdings in Sunrun were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RUN. Creative Planning grew its position in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of Sunrun by 31.1% in the 3rd quarter. Everence Capital Management Inc. now owns 41,970 shares of the energy company’s stock worth $758,000 after purchasing an additional 9,960 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Sunrun in the 3rd quarter worth $181,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN opened at $8.82 on Friday. The business has a 50-day moving average of $9.62 and a 200 day moving average of $13.74. Sunrun Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RUN. UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $17.00 in a report on Friday, January 10th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Morgan Stanley cut their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. TD Cowen initiated coverage on Sunrun in a research note on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Oppenheimer dropped their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Insider Buying and Selling

In other Sunrun news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,830 shares of company stock valued at $1,614,147. 3.77% of the stock is owned by insiders.

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.