Nicola Wealth Management LTD. Grows Stake in Sunrun Inc. (NASDAQ:RUN)

Nicola Wealth Management LTD. boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 54.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,000 shares of the energy company’s stock after purchasing an additional 56,000 shares during the period. Nicola Wealth Management LTD. owned about 0.07% of Sunrun worth $1,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sunrun during the third quarter valued at $44,000. Newbridge Financial Services Group Inc. lifted its position in Sunrun by 133.3% during 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Sunrun during the fourth quarter valued at $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Sunrun during the fourth quarter valued at $94,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Oppenheimer lowered their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Glj Research restated a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.61.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,064 shares of company stock valued at $1,551,556 over the last ninety days. 3.77% of the stock is owned by insiders.

Sunrun Trading Down 14.9 %

Shares of NASDAQ RUN opened at $6.17 on Tuesday. The business’s 50 day moving average is $9.20 and its two-hundred day moving average is $12.94. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a 1-year low of $6.00 and a 1-year high of $22.26. The stock has a market capitalization of $1.38 billion, a P/E ratio of -3.39 and a beta of 2.59.

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.