Sunrun Inc. (NASDAQ:RUN) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Sunrun Inc. (NASDAQ:RUN) by 113.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,515,302 shares of the energy company’s stock after acquiring an additional 1,337,302 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 1.13% of Sunrun worth $45,426,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in Sunrun by 41.8% in the third quarter. Advisors Asset Management Inc. now owns 48,001 shares of the energy company’s stock valued at $867,000 after purchasing an additional 14,157 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Sunrun in the 3rd quarter worth about $813,000. Drive Wealth Management LLC grew its stake in Sunrun by 4.5% in the 3rd quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company’s stock valued at $782,000 after acquiring an additional 1,884 shares during the last quarter. Quest Partners LLC increased its holdings in Sunrun by 149.9% during the 3rd quarter. Quest Partners LLC now owns 19,290 shares of the energy company’s stock valued at $348,000 after acquiring an additional 11,570 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in Sunrun during the third quarter worth about $217,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the director now directly owns 1,092,446 shares in the company, valued at $10,858,913.24. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Danny Abajian sold 9,694 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the transaction, the chief financial officer now owns 278,260 shares in the company, valued at $5,495,635. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,795 shares of company stock valued at $3,071,225. 3.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price objective on shares of Sunrun in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company reduced their target price on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Sunrun has an average rating of “Hold” and a consensus price target of $20.12.

Sunrun Stock Up 0.2 %

RUN opened at $10.23 on Friday. The stock’s 50 day moving average price is $15.05 and its 200 day moving average price is $15.37. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market cap of $2.29 billion, a P/E ratio of -5.62 and a beta of 2.61. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26.

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.