Amundi Sells 145,891 Shares of Sunrun Inc. (NASDAQ:RUN)

Amundi lowered its holdings in Sunrun Inc. (NASDAQ:RUN) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,104,427 shares of the energy company’s stock after selling 145,891 shares during the period. Amundi’s holdings in Sunrun were worth $29,579,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings in Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC boosted its holdings in Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after purchasing an additional 30,549 shares during the period. Erste Asset Management GmbH bought a new stake in Sunrun in the 3rd quarter valued at about $76,152,000. FMR LLC boosted its holdings in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after purchasing an additional 1,337,302 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 5.2 %

Shares of NASDAQ RUN opened at $6.57 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26. The firm has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $12.35. The stock has a market cap of $1.49 billion, a P/E ratio of -3.61 and a beta of 2.84.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,466 shares of company stock worth $1,607,397. 3.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on RUN. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Roth Capital set a $20.00 target price on shares of Sunrun in a research report on Friday, February 28th. Finally, Morgan Stanley dropped their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Sunrun 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.