10,355 Shares in Sunrun Inc. (NASDAQ:RUN) Purchased by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,355 shares of the energy company’s stock, valued at approximately $96,000.

Other institutional investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in shares of Sunrun during the third quarter valued at approximately $76,152,000. FMR LLC lifted its holdings in Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after buying an additional 1,562,163 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after acquiring an additional 927,947 shares during the period. Finally, Sora Investors LLC bought a new position in shares of Sunrun in the 3rd quarter worth $8,127,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, December 20th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $17.00 in a report on Friday, January 10th. Roth Mkm reduced their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BMO Capital Markets decreased their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. Finally, Jefferies Financial Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.36.

Sunrun Stock Down 3.9 %

RUN stock opened at $9.05 on Monday. Sunrun Inc. has a 12 month low of $8.22 and a 12 month high of $22.26. The firm’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $14.30. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $537.17 million during the quarter, compared to analysts’ expectations of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same period in the previous year, the company posted $0.40 earnings per share. Equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Friday, January 17th. The shares were 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 represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction on Monday, January 6th. The shares were 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 of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock valued at $1,614,147 over the last ninety days. Company insiders own 3.77% of the company’s stock.

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.