Sunrun Inc. $RUN Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun Inc. (NASDAQ:RUN) by 132.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,821,106 shares of the energy company’s stock after buying an additional 1,609,803 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Sunrun were worth $48,777,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RUN. Federated Hermes Inc. acquired a new position in Sunrun in the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC increased its holdings in shares of Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,660 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Sunrun by 960.0% in the 2nd quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock valued at $43,000 after purchasing an additional 4,800 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Sunrun by 87.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after buying an additional 2,700 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Sunrun during the third quarter valued at $118,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Performance

NASDAQ RUN opened at $20.04 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock’s fifty day moving average is $18.98 and its two-hundred day moving average is $17.96. The firm has a market capitalization of $4.65 billion, a P/E ratio of -1.79 and a beta of 2.36.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 4,430 shares of Sunrun stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total transaction of $78,854.00. Following the sale, the insider owned 355,489 shares of the company’s stock, valued at approximately $6,327,704.20. The trade was a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maria Barak sold 1,630 shares of Sunrun stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.55, for a total value of $30,236.50. Following the completion of the sale, the chief accounting officer owned 85,643 shares in the company, valued at $1,588,677.65. This represents a 1.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 518,800 shares of company stock worth $9,903,520. 3.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RUN. Wells Fargo & Company upped their price objective on shares of Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Morgan Stanley lifted their price target on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. TD Cowen increased their price target on Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sunrun in a report on Thursday, January 22nd. Finally, Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, November 10th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.99.

Sunrun Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.