Wealthfront Advisers LLC Makes New $307,000 Investment in Sunrun Inc. (NASDAQ:RUN)

Wealthfront Advisers LLC acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, Holdings Channel reports. The firm acquired 33,136 shares of the energy company’s stock, valued at approximately $307,000.

Several other large investors have also recently added to or reduced their stakes in RUN. Newbridge Financial Services Group Inc. grew its holdings in shares of Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the 3rd quarter worth $44,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun during the 4th quarter worth $56,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter worth $94,000. Finally, Alterna Wealth Management Inc. acquired a new stake in shares of Sunrun during the 4th quarter worth $96,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the topic of several analyst reports. Barclays reduced their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. UBS Group reduced their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Price Performance

Sunrun stock opened at $6.97 on Tuesday. 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 $1.58 billion, a PE ratio of -3.83 and a beta of 2.84. Sunrun Inc. has a 12 month low of $5.93 and a 12 month high of $22.26. The stock has a 50-day moving average price of $8.56 and a two-hundred day moving average price of $11.99.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,466 shares of company stock worth $1,607,397 over the last ninety days. 3.77% of the stock is owned by insiders.

Sunrun Company 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.