Caisse Des Depots ET Consignations Makes New $172,000 Investment in Sunrun Inc. (NASDAQ:RUN)

Caisse Des Depots ET Consignations bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, Holdings Channel reports. The fund bought 18,618 shares of the energy company’s stock, valued at approximately $172,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RUN. Newbridge Financial Services Group Inc. lifted its stake in shares of Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the 3rd quarter valued at approximately $44,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun during the 4th quarter worth approximately $56,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun in the 4th quarter worth approximately $94,000. Finally, Alterna Wealth Management Inc. purchased a new position in Sunrun in the 4th quarter valued at approximately $96,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Price Performance

RUN opened at $6.01 on Friday. Sunrun Inc. has a 1 year low of $5.91 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company’s 50 day simple moving average is $7.96 and its 200 day simple moving average is $11.38. The stock has a market capitalization of $1.36 billion, a PE ratio of -3.30 and a beta of 2.84.

Insider Buying and Selling at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward Harris Fenster bought 150,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 121,466 shares of company stock worth $1,136,397 in the last quarter. 3.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group lowered their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th. TD Cowen dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, The Goldman Sachs Group reduced their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Sunrun Company 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.