Insider Selling: Sunrun (NASDAQ:RUN) Director Sells 50,000 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $13.61, for a total value of $680,500.00. Following the completion of the sale, the director owned 409,091 shares in the company, valued at approximately $5,567,728.51. The trade was a 10.89% decrease in their position. The transaction 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 Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $15.92, for a total transaction of $796,000.00.
• On Friday, May 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $12.89, for a total transaction of $644,500.00.

Sunrun Trading Down 2.0%

Shares of NASDAQ:RUN traded down $0.27 during trading on Wednesday, reaching $13.11. 6,710,412 shares of the company were exchanged, compared to its average volume of 9,608,981. The business’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $15.54. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. Sunrun Inc. has a 12-month low of $8.95 and a 12-month high of $22.44. The firm has a market capitalization of $3.13 billion, a PE ratio of 6.15 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.Sunrun’s revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, research analysts anticipate that Sunrun Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RUN. Empowered Funds LLC boosted its position in Sunrun by 26.3% during the first quarter. Empowered Funds LLC now owns 20,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 4,342 shares in the last quarter. Bank of America Corp DE raised its holdings in Sunrun by 74.7% in the first quarter. Bank of America Corp DE now owns 2,054,524 shares of the energy company’s stock worth $27,859,000 after purchasing an additional 878,319 shares in the last quarter. Amundi lifted its position in shares of Sunrun by 56.3% during the first quarter. Amundi now owns 3,300,626 shares of the energy company’s stock valued at $44,798,000 after buying an additional 1,188,564 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Sunrun by 22.4% in the 1st quarter. California State Teachers Retirement System now owns 267,162 shares of the energy company’s stock valued at $3,623,000 after buying an additional 48,965 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Sunrun by 3.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 149,359 shares of the energy company’s stock valued at $2,025,000 after buying an additional 5,545 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RUN. Freedom Capital lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Loop Capital set a $12.00 target price on shares of Sunrun in a report on Tuesday, March 3rd. UBS Group cut their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reduced their price target on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.98.

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.