Charles Schwab Investment Management Inc. Acquires 107,391 Shares of Sunrun Inc. (NASDAQ:RUN)

Charles Schwab Investment Management Inc. raised its holdings in Sunrun Inc. (NASDAQ:RUN) by 5.2% in the third quarter, Holdings Channel.com reports. The fund owned 2,170,251 shares of the energy company’s stock after acquiring an additional 107,391 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sunrun were worth $39,195,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Greenvale Capital LLP increased its holdings in shares of Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares during the period. Handelsbanken Fonder AB grew its holdings in Sunrun by 0.6% during the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock valued at $56,402,000 after purchasing an additional 18,000 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of Sunrun in the second quarter valued at approximately $35,387,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Sunrun Stock Up 1.2 %

Shares of RUN opened at $11.67 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $15.40. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -6.34 and a beta of 2.61. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RUN shares. Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Roth Mkm dropped their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group cut their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Oppenheimer lowered their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.28.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 2,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the transaction, the executive now directly owns 427,883 shares of the company’s stock, valued at $7,800,307.09. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 194,647 shares of company stock valued at $3,030,864. Corporate 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.