Green Alpha Advisors LLC Sells 6,425 Shares of Sunrun Inc. (NASDAQ:RUN)

Green Alpha Advisors LLC reduced its position in Sunrun Inc. (NASDAQ:RUN) by 10.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 56,881 shares of the energy company’s stock after selling 6,425 shares during the quarter. Green Alpha Advisors LLC’s holdings in Sunrun were worth $526,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its position in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the third quarter valued at about $44,000. Redwood Wealth Management Group LLC purchased a new position in shares of Sunrun in the second quarter worth about $56,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sunrun in the 3rd quarter valued at about $135,000. 91.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were 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 directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares in the company, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,830 shares of company stock valued at $1,864,647. 3.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RUN shares. Glj Research restated a “sell” rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Morgan Stanley decreased their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company dropped their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $17.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

Sunrun Trading Down 6.6 %

RUN opened at $10.04 on Monday. The stock has a market cap of $2.25 billion, a PE ratio of -5.52 and a beta of 2.58. The business has a 50 day moving average of $10.69 and a 200-day moving average of $14.76. Sunrun Inc. has a 52 week low of $9.01 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.

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.