Maple Rock Capital Partners Inc. Purchases 10,600 Shares of Sunrun Inc. (NASDAQ:RUN)

Maple Rock Capital Partners Inc. lifted its position in shares of Sunrun Inc. (NASDAQ:RUN) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,865,600 shares of the energy company’s stock after purchasing an additional 10,600 shares during the period. Sunrun accounts for about 1.0% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 19th biggest position. Maple Rock Capital Partners Inc.’s holdings in Sunrun were worth $33,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Sunrun by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 215,836 shares of the energy company’s stock valued at $2,845,000 after acquiring an additional 2,056 shares during the period. Tidal Investments LLC lifted its stake in shares of Sunrun by 128.3% during the 1st quarter. Tidal Investments LLC now owns 41,848 shares of the energy company’s stock valued at $552,000 after buying an additional 23,514 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sunrun by 233.3% in the 2nd quarter. GAMMA Investing LLC now owns 16,832 shares of the energy company’s stock worth $200,000 after buying an additional 11,782 shares during the period. CWM LLC grew its stake in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after buying an additional 3,014 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Sunrun in the second quarter worth $132,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on RUN shares. Oppenheimer cut their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Morgan Stanley lowered their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, September 27th. Evercore ISI dropped their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.28.

Sunrun Stock Down 3.5 %

Shares of NASDAQ RUN opened at $11.26 on Wednesday. The firm has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $15.39. The firm has a market capitalization of $2.53 billion, a PE ratio of -6.19 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 12 month low of $9.23 and a 12 month high of $22.26.

Insider Activity at Sunrun

In other Sunrun news, CFO Danny Abajian sold 2,141 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $39,030.43. Following the sale, the chief financial officer now directly owns 276,119 shares of the company’s stock, valued at approximately $5,033,649.37. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 3,410 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $62,164.30. Following the completion of the transaction, the chief executive officer now owns 575,783 shares in the company, valued at approximately $10,496,524.09. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,719 shares of company stock worth $2,859,999 over the last 90 days. 3.77% of the stock is owned by company 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.