Sunrun (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 55,507 Shares of Stock

Sunrun Inc. (NASDAQ:RUNGet Free Report) Director Lynn Michelle Jurich sold 55,507 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $703,828.76. Following the completion of the transaction, the director directly owned 608,397 shares in the company, valued at $7,714,473.96. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, February 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $18.59, for a total transaction of $929,500.00.
  • 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 stock was sold at an average price of $17.79, for a total value of $8,023.29.

Sunrun Stock Down 7.8%

Sunrun stock opened at $11.54 on Wednesday. The company has a market capitalization of $2.71 billion, a P/E ratio of 6.75 and a beta of 2.43. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock has a 50-day simple moving average of $18.81 and a 200-day simple moving average of $18.40.

Sunrun (NASDAQ:RUNGet Free Report) 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. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. The firm’s revenue was up 123.5% compared to the same quarter last year. Equities research analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Key Stories Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

Wall Street Analysts Forecast Growth

RUN has been the subject of a number of recent research reports. Loop Capital set a $12.00 price target on shares of Sunrun in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $19.00 price target on Sunrun in a report on Wednesday, January 7th. Jefferies Financial Group downgraded Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Friday, February 27th. Finally, Wells Fargo & Company lifted their target price on Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. 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 one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and an average price target of $19.84.

Check Out Our Latest Report on Sunrun

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun in the 4th quarter valued at approximately $27,000. Virtu Financial LLC purchased a new position in Sunrun in the fourth quarter worth $1,046,000. Invesco Ltd. lifted its holdings in Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after acquiring an additional 1,231,628 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Sunrun during the 4th quarter worth $2,233,000. Finally, Empowered Funds LLC acquired a new position in shares of Sunrun during the 4th quarter worth $304,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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