market folly

Chase Coleman's hedge fund firm Tiger Global has filed yet another Form 4 with the SEC regarding their ownership of Sunrun (RUN).  We previously detailed last week how they were out buying RUN shares. 

Per the latest filing, Tiger Global was out acquiring more shares on August 29th, 30th, as well as September 3rd.  In total, they purchased 627,439 shares at weighted average prices of between $14.705 and $15.365.  After these buys, they now own over 24.55 million shares.

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."