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 firm’s stock in a transaction that occurred on 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 directly 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 SEC, 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 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 value of $5,395.50.

Sunrun Price Performance

Shares of RUN stock opened at $15.58 on Tuesday. The stock’s 50-day moving average is $13.45 and its 200 day moving average is $16.30. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. The company has a market cap of $3.72 billion, a P/E ratio of 7.31 and a beta of 2.25.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating 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 the consensus estimate of $688.50 million. During the same period last year, the firm earned $0.20 earnings per share. Sunrun’s revenue was up 43.2% compared to the same quarter last year. Research analysts predict that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently bought and sold shares of the company. Contour Asset Management LLC acquired a new position in Sunrun in the fourth quarter valued at about $98,010,000. Norges Bank acquired a new stake in shares of Sunrun in the fourth quarter valued at $62,169,000. Voloridge Investment Management LLC purchased a new position in Sunrun in the third quarter valued at $40,193,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted 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 valued at $48,777,000 after buying an additional 1,609,803 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Sunrun during the third quarter worth about $21,427,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on RUN shares. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Sunrun in a research note on Thursday, May 7th. Susquehanna cut their target price on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a report on Thursday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Glj Research reissued a “sell” rating and set a $4.63 price target on shares of Sunrun in a report on Thursday, April 16th. Finally, UBS Group cut their price objective on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.