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 dated Monday, February 2nd. The stock was sold at an average price of $18.59, for a total value of $929,500.00. Following the transaction, the director directly owned 651,175 shares of the company’s stock, valued at $12,105,343.25. The trade was a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, 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 shares were 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 stock was sold at an average price of $17.79, for a total transaction of $8,023.29.
• On Monday, December 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $19.57, for a total transaction of $978,500.00.

Sunrun Trading Up 1.5%

Shares of NASDAQ RUN traded up $0.28 during midday trading on Tuesday, reaching $18.47. The company had a trading volume of 8,996,516 shares, compared to its average volume of 8,071,917. The stock has a market cap of $4.29 billion, a PE ratio of -1.65 and a beta of 2.36. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The firm’s fifty day moving average price is $18.71 and its 200-day moving average price is $17.24. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The firm had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. During the same period last year, the company posted ($0.37) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Sunrun

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

Wall Street Analyst Weigh In

RUN has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th. UBS Group raised their price target on Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Raymond James Financial started coverage on shares of Sunrun in a research note on Monday, January 12th. They issued a “market perform” rating for the company. Finally, Citigroup raised shares of Sunrun from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $26.00 in a research report on Tuesday, October 21st. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.99.

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.