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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $14.07, for a total transaction of $703,500.00. Following the sale, the director directly owned 557,947 shares in the company, valued at $7,850,314.29. This trade represents a 8.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, March 6th, Lynn Michelle Jurich sold 450 shares of Sunrun stock. The stock was sold at an average price of $11.99, for a total value of $5,395.50.
• On Monday, March 2nd, Lynn Michelle Jurich sold 55,507 shares of Sunrun stock. The shares were sold at an average price of $12.68, for a total transaction of $703,828.76.
• On Monday, February 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $18.59, for a total value of $929,500.00.

Sunrun Stock Performance

Shares of Sunrun stock remained flat at $13.50 during trading hours on Friday. The stock had a trading volume of 7,305,796 shares, compared to its average volume of 9,179,423. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38. The firm has a market cap of $3.17 billion, a P/E ratio of 7.89 and a beta of 2.37. The stock has a 50-day moving average price of $16.13 and a 200 day moving average price of $17.82. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.46. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The firm’s revenue was up 123.5% on a year-over-year basis. During the same quarter last year, the business posted $1.41 earnings per share. As a group, research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the topic of a number of recent research reports. Raymond James Financial began coverage on Sunrun in a research note on Monday, January 12th. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a research report on Wednesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Sunrun from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, UBS Group decreased their target price on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.58.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun in the fourth quarter valued at $27,000. Sycomore Asset Management purchased a new stake in shares of Sunrun in the 3rd quarter valued at $28,000. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Sunrun during the 4th quarter valued at about $30,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Company Profile

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.