Sunrun Inc. (NASDAQ:RUN) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in Sunrun Inc. (NASDAQ:RUN) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,011 shares of the energy company’s stock after selling 3,623 shares during the quarter. M&T Bank Corp’s holdings in Sunrun were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RUN. Erste Asset Management GmbH acquired a new stake in Sunrun in the third quarter worth about $76,152,000. Sylebra Capital LLC bought a new stake in shares of Sunrun during the 2nd quarter worth about $35,387,000. Greenvale Capital LLP lifted its stake in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after acquiring an additional 2,000,000 shares during the period. FMR LLC boosted its holdings in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after acquiring an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Sunrun by 113.5% during the third 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 acquiring an additional 1,337,302 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 0.7 %

NASDAQ:RUN opened at $10.12 on Monday. The business’s fifty day moving average price is $12.63 and its 200 day moving average price is $15.27. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -5.56 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 1-year low of $9.23 and a 1-year high of $22.26.

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $20.00 target price on shares of Sunrun in a research report on Wednesday, September 25th. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, September 27th. Truist Financial reaffirmed a “hold” rating and set a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Hold” and a consensus price target of $19.28.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary Powell sold 6,415 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.34, for a total value of $104,821.10. Following the completion of the transaction, the chief executive officer now owns 569,368 shares in the company, valued at $9,303,473.12. This trade represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,691 shares of company stock valued at $2,550,601 in the last 90 days. 3.77% of the stock is currently 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.