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 company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $9.96, for a total value of $498,000.00. Following the sale, the director owned 367,405 shares in the company, valued at approximately $3,659,353.80. This trade represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, July 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $13.61, for a total value of $680,500.00.
• On Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $15.92, for a total value of $796,000.00.

Sunrun Stock Performance

NASDAQ:RUN opened at $11.03 on Wednesday. The firm has a market capitalization of $2.63 billion, a PE ratio of 5.18 and a beta of 2.35. The stock’s fifty day moving average is $12.62 and its 200 day moving average is $14.27. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.44. 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 (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The company had revenue of $722.23 million during the quarter, compared to analyst estimates of $688.50 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Sunrun’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Sunrun Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sunrun during the 4th quarter worth $27,000. Hantz Financial Services Inc. increased its holdings in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the period. Kestra Advisory Services LLC bought a new stake in Sunrun during the 4th quarter valued at $30,000. Finally, Salomon & Ludwin LLC raised its position in Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RUN has been the topic of several analyst reports. Roth Capital reiterated a “buy” rating on shares of Sunrun in a report on Thursday, July 9th. Susquehanna dropped their target price on Sunrun from $19.00 to $18.00 and set a “positive” rating for the company in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 target price on shares of Sunrun in a research note on Friday, May 8th. Citigroup decreased their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Weiss Ratings cut Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.81.

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.