Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc acquired 640,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $15.78 per share, for a total transaction of $10,099,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, August 19th, Tiger Global Management Llc acquired 236,781 shares of Sunrun stock. The shares were bought at an average price of $15.71 per share, for a total transaction of $3,719,829.51.
  • On Wednesday, August 14th, Tiger Global Management Llc acquired 728,798 shares of Sunrun stock. The shares were bought at an average price of $15.52 per share, for a total transaction of $11,310,944.96.
  • On Wednesday, June 26th, Tiger Global Management Llc acquired 102,626 shares of Sunrun stock. The shares were bought at an average price of $18.48 per share, for a total transaction of $1,896,528.48.
  • On Friday, June 28th, Tiger Global Management Llc acquired 866,725 shares of Sunrun stock. The shares were bought at an average price of $18.59 per share, for a total transaction of $16,112,417.75.
  • On Monday, June 24th, Tiger Global Management Llc acquired 259,491 shares of Sunrun stock. The shares were bought at an average price of $18.69 per share, for a total transaction of $4,849,886.79.
  • On Friday, June 21st, Tiger Global Management Llc acquired 1,016,343 shares of Sunrun stock. The shares were bought at an average price of $18.62 per share, for a total transaction of $18,924,306.66.
  • On Wednesday, June 19th, Tiger Global Management Llc acquired 170,696 shares of Sunrun stock. The shares were bought at an average price of $17.82 per share, for a total transaction of $3,041,802.72.

NASDAQ:RUN traded down $0.24 during trading hours on Wednesday, hitting $15.65. The stock had a trading volume of 1,589,062 shares, compared to its average volume of 1,439,175. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 1.68. Sunrun Inc has a 1-year low of $8.81 and a 1-year high of $21.42. The business has a 50 day simple moving average of $18.63 and a two-hundred day simple moving average of $16.46. The company has a market cap of $1.84 billion, a PE ratio of 68.04, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.18). Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $198.78 million. During the same period last year, the business earned $0.06 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. Research analysts expect that Sunrun Inc will post 0.5 EPS for the current fiscal year.

Several research analysts recently commented on the stock. KeyCorp assumed coverage on shares of Sunrun in a report on Monday. They issued an “overweight” rating and a $19.00 price target on the stock. Roth Capital set a $24.00 price target on shares of Sunrun and gave the company a “buy” rating in a report on Thursday, May 23rd. Bank of America restated a “buy” rating and issued a $23.50 price target (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. Goldman Sachs Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, June 17th. Finally, Barclays assumed coverage on shares of Sunrun in a report on Thursday, May 16th. They issued an “overweight” rating and a $21.00 price target on the stock. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sunrun presently has a consensus rating of “Buy” and an average price target of $21.19.

Large investors have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Sunrun by 7.7% during the fourth quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock worth $183,000 after acquiring an additional 1,205 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sunrun by 201.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock worth $16,612,000 after purchasing an additional 1,019,554 shares during the last quarter. Norges Bank acquired a new stake in Sunrun in the 4th quarter worth approximately $16,863,000. BNP Paribas Arbitrage SA lifted its holdings in Sunrun by 214.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 22,243 shares of the energy company’s stock worth $313,000 after purchasing an additional 15,159 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Sunrun by 669.4% in the 1st quarter. SG Americas Securities LLC now owns 185,227 shares of the energy company’s stock worth $2,604,000 after purchasing an additional 161,152 shares during the last quarter. 79.58% of the stock is owned by institutional investors.

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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