Lynn Michelle Jurich Sells 50,000 Shares of Sunrun (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 409,091 shares of the company’s stock, valued at approximately $5,567,728.51. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing 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 shares were 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 stock was sold at an average price of $12.89, for a total transaction of $644,500.00.

Sunrun Stock Performance

Shares of RUN opened at $12.74 on Friday. Sunrun Inc. has a 12 month low of $9.01 and a 12 month high of $22.44. The firm has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $15.46. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.98 and a beta of 2.32. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. 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. TD Cowen lowered their price target on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Barclays dropped their price objective on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and a consensus price target of $18.98.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of RUN. Salomon & Ludwin LLC raised its holdings in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Sunrun by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after purchasing an additional 565 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after purchasing an additional 572 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Sunrun by 62.9% in the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after purchasing an additional 669 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.