Sunrun Inc (RUN) Major Shareholder Tiger Global Management Llc Purchases 62,394 Shares

Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc bought 62,394 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were acquired at an average price of $13.58 per share, with a total value of $847,310.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Wednesday, June 6th, Tiger Global Management Llc bought 280,817 shares of Sunrun stock. The shares were acquired at an average price of $12.48 per share, with a total value of $3,504,596.16.
  • On Friday, June 1st, Tiger Global Management Llc bought 405,657 shares of Sunrun stock. The shares were acquired at an average price of $12.11 per share, with a total value of $4,912,506.27.
  • On Monday, June 4th, Tiger Global Management Llc bought 1,578,934 shares of Sunrun stock. The shares were acquired at an average price of $12.00 per share, with a total value of $18,947,208.00.
  • On Friday, May 25th, Tiger Global Management Llc bought 217,050 shares of Sunrun stock. The shares were acquired at an average price of $10.86 per share, with a total value of $2,357,163.00.
  • On Wednesday, May 30th, Tiger Global Management Llc bought 776,138 shares of Sunrun stock. The shares were acquired at an average price of $11.11 per share, with a total value of $8,622,893.18.

Shares of Sunrun opened at $14.18 on Wednesday, according to MarketBeat. Sunrun Inc has a 52 week low of $4.21 and a 52 week high of $14.35. The firm has a market capitalization of $1.43 billion, a PE ratio of 16.49, a PEG ratio of 0.79 and a beta of -0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.24.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, May 9th. The energy company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Sunrun had a return on equity of 9.34% and a net margin of 24.53%. The company had revenue of $144.36 million during the quarter, compared to analysts’ expectations of $134.98 million. During the same period in the prior year, the company earned $0.12 EPS. Sunrun’s revenue was up 37.4% compared to the same quarter last year. analysts expect that Sunrun Inc will post 1.21 EPS for the current year.

Several research firms have weighed in on RUN. Credit Suisse Group upped their target price on Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded Sunrun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 21st. Finally, Guggenheim restated a “buy” rating and set a $12.00 target price on shares of Sunrun in a research note on Thursday, April 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.68.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Sunrun by 0.3% in the first quarter. BlackRock Inc. now owns 6,034,105 shares of the energy company’s stock valued at $53,884,000 after purchasing an additional 15,517 shares during the period. Millennium Management LLC increased its holdings in Sunrun by 99.1% in the first quarter. Millennium Management LLC now owns 3,998,203 shares of the energy company’s stock valued at $35,704,000 after purchasing an additional 1,989,808 shares during the period. Guggenheim Capital LLC increased its holdings in Sunrun by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock valued at $15,700,000 after purchasing an additional 632,070 shares during the period. Handelsbanken Fonder AB increased its holdings in Sunrun by 10.3% in the first quarter. Handelsbanken Fonder AB now owns 1,504,848 shares of the energy company’s stock valued at $13,438,000 after purchasing an additional 140,668 shares during the period. Finally, Uniplan Investment Counsel Inc. increased its holdings in Sunrun by 1.9% in the first quarter. Uniplan Investment Counsel Inc. now owns 1,387,136 shares of the energy company’s stock valued at $12,387,000 after purchasing an additional 25,442 shares during the period. Institutional investors own 81.11% of the company’s stock.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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