Geode Capital Management LLC Has $49.20 Million Position in Sunrun Inc. (NASDAQ:RUN)

Geode Capital Management LLC lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 0.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,317,815 shares of the energy company’s stock after purchasing an additional 2,148 shares during the period. Geode Capital Management LLC’s holdings in Sunrun were worth $49,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Sunrun during the third quarter worth $44,000. Newbridge Financial Services Group Inc. boosted 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 buying an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new position in Sunrun in the 4th quarter valued at about $53,000. Union Bancaire Privee UBP SA bought a new position in Sunrun in the 4th quarter valued at about $56,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Sunrun during the fourth quarter worth approximately $94,000. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Up 8.4 %

RUN opened at $6.82 on Tuesday. The company’s 50 day moving average is $7.14 and its 200-day moving average is $10.10. The company has a market cap of $1.54 billion, a P/E ratio of -3.75 and a beta of 2.74. Sunrun Inc. has a 1-year low of $5.45 and a 1-year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 9,942 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at $1,962,944.12. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,540 shares of company stock worth $1,530,444 over the last quarter. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RUN shares. JPMorgan Chase & Co. decreased their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial reissued a “hold” rating and issued a $9.00 target price (down previously from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus price target of $16.58.

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.