450,000 Shares in Sunrun Inc. (NASDAQ:RUN) Bought by Sora Investors LLC

Sora Investors LLC purchased a new position in Sunrun Inc. (NASDAQ:RUN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 450,000 shares of the energy company’s stock, valued at approximately $8,127,000. Sora Investors LLC owned approximately 0.20% of Sunrun as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RUN. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new position in shares of Sunrun during the second quarter valued at about $36,000. CWM LLC increased its holdings in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sunrun in the second quarter worth about $45,000. 91.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer reduced 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. Truist Financial reaffirmed a “hold” rating and issued a $12.00 price target (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Jefferies Financial Group reduced their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Roth Mkm lowered their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Wells Fargo & Company cut 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average target price of $19.28.

Sunrun Stock Down 3.3 %

Shares of NASDAQ RUN opened at $10.36 on Friday. The stock has a market capitalization of $2.32 billion, a PE ratio of -5.69 and a beta of 2.54. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. The stock’s fifty day simple moving average is $13.46 and its two-hundred day simple moving average is $15.33.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,624 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $42,902.40. Following the completion of the sale, the insider now directly owns 305,636 shares in the company, valued at approximately $4,997,148.60. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,337 shares of company stock valued at $2,634,276 over the last quarter. 3.77% of the stock is owned by corporate insiders.

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.