BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 1,609,803 Shares of Sunrun Inc. $RUN

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 132.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,821,106 shares of the energy company’s stock after acquiring an additional 1,609,803 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 1.22% of Sunrun worth $48,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Sunrun by 181.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,660 shares during the period. Spire Wealth Management raised its stake in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock worth $43,000 after buying an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted 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 during the period. Federated Hermes Inc. bought a new stake in Sunrun during the 3rd quarter valued at $49,000. Finally, Focus Partners Wealth increased its holdings in shares of Sunrun by 21.2% in the 1st quarter. Focus Partners Wealth now owns 12,702 shares of the energy company’s stock valued at $74,000 after acquiring an additional 2,226 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RUN. Guggenheim upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft set a $19.00 target price on shares of Sunrun in a report on Wednesday, January 7th. Raymond James Financial initiated coverage on shares of Sunrun in a report on Monday, January 12th. They issued a “market perform” rating on the stock. Morgan Stanley boosted their price objective on shares of Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sunrun in a research note on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.99.

Sunrun Price Performance

NASDAQ RUN opened at $20.04 on Friday. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -1.79 and a beta of 2.36. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The stock’s fifty day moving average price is $18.98 and its 200 day moving average price is $17.96. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $22.44.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $18.59, for a total value of $929,500.00. Following the sale, the director directly owned 651,175 shares of the company’s stock, valued at $12,105,343.25. This represents a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 4,430 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $78,854.00. Following the transaction, the insider directly owned 355,489 shares of the company’s stock, valued at approximately $6,327,704.20. This trade represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 518,800 shares of company stock valued at $9,903,520. 3.37% of the stock is owned by insiders.

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.