Alps Advisors Inc. Sells 117,907 Shares of Sunrun Inc. $RUN

Alps Advisors Inc. cut its stake in Sunrun Inc. (NASDAQ:RUN) by 31.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 262,943 shares of the energy company’s stock after selling 117,907 shares during the period. Alps Advisors Inc. owned approximately 0.11% of Sunrun worth $4,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Sunrun by 3.5% during the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after buying an additional 607 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Sunrun by 5.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock worth $325,000 after acquiring an additional 967 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Sunrun by 6.3% in the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,332 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Sunrun by 12.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock valued at $110,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Sunrun by 2.3% in the third quarter. Amalgamated Bank now owns 66,229 shares of the energy company’s stock worth $1,145,000 after purchasing an additional 1,464 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $20.41 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $4.74 billion, a P/E ratio of -1.83 and a beta of 2.36. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44. The stock has a 50 day moving average of $18.76 and a 200-day moving average of $17.56.

Wall Street Analyst Weigh In

RUN has been the topic of several recent research reports. Citigroup upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $26.00 in a research note on Tuesday, October 21st. Susquehanna upped their target price on Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Jefferies Financial Group restated a “buy” rating and issued a $22.00 price target on shares of Sunrun in a research note on Wednesday, January 21st. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a report on Wednesday, December 17th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.99.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 8,754 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total value of $155,821.20. Following the transaction, the chief executive officer owned 864,946 shares in the company, valued at approximately $15,396,038.80. This represents a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Maria Barak sold 1,630 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $18.55, for a total transaction of $30,236.50. Following the completion of the transaction, the chief accounting officer directly owned 85,643 shares in the company, valued at approximately $1,588,677.65. This represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,956 shares of company stock worth $6,634,832 in the last quarter. 3.37% of the stock is owned by corporate insiders.

About Sunrun

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.