Peregrine Asset Advisers Inc. Takes Position in Sunrun Inc. (NASDAQ:RUN)

Peregrine Asset Advisers Inc. acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 27,210 shares of the energy company’s stock, valued at approximately $491,000.

Several other large investors have also recently bought and sold shares of RUN. International Assets Investment Management LLC boosted its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in Sunrun during the second quarter worth about $36,000. CWM LLC grew its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sunrun in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RUN. Wells Fargo & Company lowered their price target on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. Glj Research restated a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research report on Thursday. Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.33.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sunrun news, CFO Danny Abajian sold 4,869 shares of Sunrun stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $79,608.15. Following the transaction, the chief financial officer now directly owns 269,393 shares of the company’s stock, valued at $4,404,575.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,142,446 shares in the company, valued at $16,679,711.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,840 shares of company stock worth $2,755,487. 3.77% of the stock is owned by company insiders.

Sunrun Trading Down 11.8 %

NASDAQ RUN opened at $10.23 on Monday. The company has a market cap of $2.29 billion, a P/E ratio of -5.62 and a beta of 2.61. Sunrun Inc. has a 12 month low of $8.82 and a 12 month high of $22.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The company has a 50-day moving average of $16.60 and a 200-day moving average of $15.47.

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.