Sunrun (NASDAQ:RUN) Director Sells $796,000.00 in 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, June 1st. The shares were sold at an average price of $15.92, for a total value of $796,000.00. Following the completion of the transaction, the director directly owned 459,091 shares in the company, valued at approximately $7,308,728.72. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 RUN stock opened at $14.85 on Thursday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The company’s 50-day simple moving average is $13.56 and its 200-day simple moving average is $16.24. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 6.97 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business’s revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Equities analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP raised its stake in shares of Sunrun by 3,147.1% in the 3rd quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock worth $2,648,000 after buying an additional 148,447 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Sunrun by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company’s stock worth $20,660,000 after buying an additional 63,284 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sunrun by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock worth $418,300,000 after buying an additional 288,945 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Sunrun by 132.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock worth $48,777,000 after buying an additional 1,609,803 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Sunrun by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock worth $42,592,000 after buying an additional 145,285 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several analyst reports. Zacks Research raised Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Jefferies Financial Group dropped their target price on Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Barclays dropped their target price on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Freedom Capital lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings lowered Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

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.