As we’ve detailed previously, Chase Coleman‘s hedge fund firm Tiger Global has been out buying shares of Sunrun (RUN) in recent weeks. In an amended 13D filing with the SEC, Tiger Global has now disclosed they own 22.2% of the company with over 26.05 million shares.
Their recent activity includes buying on September 9th through 11th at weighted average prices of around $15.093.
Per Yahoo Finance, Sunrun “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. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.”
SOURCE: market folly – Read entire story here.