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 company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the sale, the director owned 367,405 shares of the company’s stock, valued at $3,659,353.80. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Wednesday, July 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $13.61, for a total value of $680,500.00.
• On Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $15.92, for a total value of $796,000.00.

Sunrun Price Performance

RUN stock traded up $0.28 during trading hours on Tuesday, hitting $10.71. 1,967,729 shares of the stock traded hands, compared to its average volume of 9,588,403. The stock has a 50-day simple moving average of $12.69 and a 200 day simple moving average of $14.32. The company has a market cap of $2.55 billion, a P/E ratio of 5.03 and a beta of 2.36. Sunrun Inc. has a one year low of $9.01 and a one year high of $22.44. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The company had revenue of $722.23 million during the quarter, compared to the consensus estimate of $688.50 million. During the same period in the prior year, the company earned $0.20 EPS. Sunrun’s revenue was up 43.2% on a year-over-year basis. Equities analysts forecast that Sunrun Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Royal Bank of Canada raised its position in Sunrun by 5.1% during the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock valued at $3,672,000 after buying an additional 30,175 shares during the period. Integrated Wealth Concepts LLC raised its stake in Sunrun by 47.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after purchasing an additional 10,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sunrun by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after buying an additional 5,882 shares during the period. Jones Financial Companies Lllp lifted its position in Sunrun by 511.0% during the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after buying an additional 22,603 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after acquiring an additional 718,955 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RUN shares. Wall Street Zen cut shares of Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Glj Research reiterated a “sell” rating and set a $4.63 price objective on shares of Sunrun in a research report on Friday, July 10th. Susquehanna decreased their target price on Sunrun from $19.00 to $18.00 and set a “positive” rating on the stock in a report on Friday, July 10th. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.81.

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.