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, June 1st. The stock was sold at an average price of $15.92, for a total transaction of $796,000.00. Following the transaction, the director owned 459,091 shares in the company, valued at approximately $7,308,728.72. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, May 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $12.89, for a total transaction of $644,500.00.
• On Wednesday, April 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.07, for a total transaction of $703,500.00.
• 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 transaction of $5,395.50.

Sunrun Stock Performance

Shares of Sunrun stock traded down $1.14 on Monday, reaching $15.58. 13,525,352 shares of the stock were exchanged, compared to its average volume of 8,199,805. Sunrun Inc. has a 1-year low of $5.38 and a 1-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. The business has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $16.30. The firm has a market capitalization of $3.72 billion, a PE ratio of 7.31 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping 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 business had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s revenue was up 43.2% compared to the same quarter last year. As a group, research analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Loop Capital set a $12.00 target price on shares of Sunrun in a research report on Tuesday, March 3rd. Finally, Oppenheimer upped their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.48.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of 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 lifted its stake in shares of Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after buying an additional 10,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock valued at $1,397,000 after buying an additional 5,882 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Sunrun by 511.0% during the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock valued at $158,000 after buying an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 valued at $13,518,000 after buying an additional 718,955 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.