Swedbank AB Sells 15,390 Shares of Sunrun Inc. (NASDAQ:RUN)

Swedbank AB lowered its position in Sunrun Inc. (NASDAQ:RUN) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,119 shares of the energy company’s stock after selling 15,390 shares during the period. Swedbank AB’s holdings in Sunrun were worth $3,506,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RUN. Price T Rowe Associates Inc. MD grew its holdings in shares of Sunrun by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 215,836 shares of the energy company’s stock worth $2,845,000 after acquiring an additional 2,056 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Sunrun by 1.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 106,628 shares of the energy company’s stock worth $1,339,000 after acquiring an additional 1,500 shares during the period. Tidal Investments LLC grew its holdings in shares of Sunrun by 128.3% in the first quarter. Tidal Investments LLC now owns 41,848 shares of the energy company’s stock worth $552,000 after acquiring an additional 23,514 shares during the period. GAMMA Investing LLC grew its holdings in shares of Sunrun by 233.3% in the second quarter. GAMMA Investing LLC now owns 16,832 shares of the energy company’s stock worth $200,000 after acquiring an additional 11,782 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Sunrun in the second quarter worth $380,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on RUN shares. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Oppenheimer lowered their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Barclays lowered their target price on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company lowered their target price on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Morgan Stanley lowered their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.28.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now directly owns 579,193 shares of the company’s stock, valued at $10,883,036.47. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares in the company, valued at $22,649,790.58. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock valued at $3,071,225 over the last ninety days. 3.77% of the stock is owned by insiders.

Sunrun Price Performance

NASDAQ:RUN opened at $11.55 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $2.59 billion, a P/E ratio of -6.35 and a beta of 2.61. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26. The business’s 50-day moving average is $14.54 and its 200 day moving average is $15.41.

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.