Sunrun (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 50,000 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $18.59, for a total transaction of $929,500.00. Following the transaction, the director owned 651,175 shares in the company, valued at approximately $12,105,343.25. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lynn Michelle Jurich also recently made the following trade(s):

• On Friday, January 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $19.28, for a total value of $964,000.00.
• On Monday, December 8th, Lynn Michelle Jurich sold 451 shares of Sunrun stock. The shares were sold at an average price of $17.79, for a total value of $8,023.29.
• On Monday, December 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $19.57, for a total value of $978,500.00.

Sunrun Stock Performance

Shares of RUN stock opened at $18.47 on Wednesday. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock’s 50-day moving average is $18.70 and its two-hundred day moving average is $17.29. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The firm has a market cap of $4.29 billion, a P/E ratio of -1.65 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The business had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. During the same period in the previous year, the company earned ($0.37) EPS. The firm’s revenue was up 34.9% on a year-over-year basis. Analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Maxi Investments CY Ltd grew its stake in shares of Sunrun by 72.9% in the fourth quarter. Maxi Investments CY Ltd now owns 130,000 shares of the energy company’s stock worth $2,392,000 after acquiring an additional 54,800 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Sunrun by 2.6% during the 4th quarter. Diversify Wealth Management LLC now owns 451,039 shares of the energy company’s stock worth $8,353,000 after purchasing an additional 11,486 shares during the period. Robeco Schweiz AG raised its position in shares of Sunrun by 37.8% during the fourth quarter. Robeco Schweiz AG now owns 2,946,776 shares of the energy company’s stock valued at $54,221,000 after buying an additional 808,585 shares during the last quarter. Strs Ohio lifted its stake in shares of Sunrun by 44.1% in the fourth quarter. Strs Ohio now owns 9,800 shares of the energy company’s stock valued at $180,000 after buying an additional 3,000 shares during the period. Finally, Sage Rhino Capital LLC grew its position in Sunrun by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after buying an additional 572 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RUN. Royal Bank Of Canada restated an “outperform” rating on shares of Sunrun in a report on Wednesday, December 17th. BMO Capital Markets set a $19.00 target price on shares of Sunrun and gave the stock a “market perform” rating in a research report on Wednesday, October 15th. Oppenheimer raised their target price on Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Wells Fargo & Company boosted their price target on Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group upped their price target on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.99.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.