BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 1,337,302 Shares of Sunrun Inc. (NASDAQ:RUN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Sunrun Inc. (NASDAQ:RUN) by 113.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,515,302 shares of the energy company’s stock after buying an additional 1,337,302 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Sunrun were worth $45,426,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RUN. Victory Capital Management Inc. boosted its position in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after buying an additional 691 shares during the last quarter. Creative Planning boosted its holdings in Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after acquiring an additional 784 shares during the last quarter. Van ECK Associates Corp increased its position in Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after purchasing an additional 895 shares during the last quarter. Finally, &PARTNERS boosted its stake in shares of Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock valued at $698,000 after purchasing an additional 1,019 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 0.2 %

Shares of RUN stock opened at $10.23 on Friday. Sunrun Inc. has a 12-month low of $9.23 and a 12-month high of $22.26. 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 firm has a fifty day moving average of $15.05 and a 200-day moving average of $15.37. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.61.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RUN. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer dropped their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Roth Mkm reduced their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Glj Research reiterated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Sunrun presently has an average rating of “Hold” and a consensus target price of $20.12.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 2,357 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $42,968.11. Following the completion of the transaction, the insider now owns 308,260 shares of the company’s stock, valued at approximately $5,619,579.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the director now directly owns 1,092,446 shares in the company, valued at $10,858,913.24. This trade 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 196,795 shares of company stock valued at $3,071,225. Company insiders own 3.77% of the company’s stock.

About Sunrun

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.