Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc purchased 728,798 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $15.52 per share, for a total transaction of $11,310,944.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 26th, Tiger Global Management Llc purchased 102,626 shares of Sunrun stock. The shares were acquired at an average cost of $18.48 per share, for a total transaction of $1,896,528.48.
  • On Friday, June 28th, Tiger Global Management Llc bought 866,725 shares of Sunrun stock. The shares were purchased at an average cost of $18.59 per share, with a total value of $16,112,417.75.
  • On Monday, June 24th, Tiger Global Management Llc bought 259,491 shares of Sunrun stock. The shares were purchased at an average cost of $18.69 per share, with a total value of $4,849,886.79.
  • On Friday, June 21st, Tiger Global Management Llc bought 1,016,343 shares of Sunrun stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $18,924,306.66.
  • On Wednesday, June 19th, Tiger Global Management Llc bought 170,696 shares of Sunrun stock. The shares were purchased at an average cost of $17.82 per share, with a total value of $3,041,802.72.
  • On Monday, May 20th, Tiger Global Management Llc bought 103,292 shares of Sunrun stock. The shares were purchased at an average cost of $15.64 per share, with a total value of $1,615,486.88.
  • On Friday, May 17th, Tiger Global Management Llc bought 146,708 shares of Sunrun stock. The shares were purchased at an average cost of $15.78 per share, with a total value of $2,315,052.24.

NASDAQ RUN traded down $0.44 during trading on Thursday, reaching $14.69. 1,541,585 shares of the company’s stock were exchanged, compared to its average volume of 1,430,709. Sunrun Inc has a fifty-two week low of $8.81 and a fifty-two week high of $21.42. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 63.87, a PEG ratio of 6.40 and a beta of 0.66. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 1.64. The stock has a fifty day moving average price of $19.04.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.18). Sunrun had a negative return on equity of 1.86% and a negative net margin of 2.84%. The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $198.78 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company’s revenue was up 20.0% compared to the same quarter last year. As a group, sell-side analysts expect that Sunrun Inc will post 0.5 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Sunrun during the 4th quarter worth about $16,863,000. JPMorgan Chase & Co. raised its stake in shares of Sunrun by 132.2% during the 1st quarter. JPMorgan Chase & Co. now owns 348,464 shares of the energy company’s stock worth $4,899,000 after purchasing an additional 198,395 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Sunrun by 7.7% during the 4th quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,205 shares in the last quarter. Ashfield Capital Partners LLC purchased a new stake in shares of Sunrun during the 1st quarter worth about $154,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Sunrun by 222.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 12,235 shares of the energy company’s stock worth $172,000 after purchasing an additional 8,446 shares in the last quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

A number of equities analysts recently weighed in on RUN shares. Roth Capital set a $24.00 price target on Sunrun and gave the company a “buy” rating in a research report on Thursday, May 23rd. Goldman Sachs Group upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, June 17th. Zacks Investment Research upgraded Sunrun from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 10th. Bank of America reiterated a “buy” rating and issued a $23.50 price target (up previously from $17.50) on shares of Sunrun in a research report on Thursday, April 25th. Finally, BidaskClub lowered Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.50.

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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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