What Do Hedge Funds Think of Sunrun Inc (RUN)?

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Let’s also examine hedge fund activity in other stocks similar to Sunrun Inc (NASDAQ:RUN). These stocks are Schweitzer-Mauduit International, Inc. (NYSE:SWM), AAON, Inc. (NASDAQ:AAON), Navistar International Corp (NYSE:NAV), and Sonic Automotive Inc (NYSE:SAH). This group of stocks’ market valuations are closest to RUN’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SWM 14 101110 3
AAON 8 38945 2
NAV 25 534139 9
SAH 20 101810 -1

As you can see these stocks had an average of 16.75 hedge funds with bullish positions and the average amount invested in these stocks was $194 million. That figure was $159 million in RUN’s case. Navistar International Corp (NYSE:NAV) is the most popular stock in this table. On the other hand AAON, Inc. (NASDAQ:AAON) is the least popular one with only 8 bullish hedge fund positions. Sunrun Inc (NASDAQ:RUN) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NAV might be a better candidate to consider a long position.

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