Lynn Michelle Jurich Sells 1,937 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,937 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the transaction, the director now owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The sale was disclosed in a document filed with the SEC, which is available through this link.

Lynn Michelle Jurich also recently made the following trade(s):

• On Friday, July 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total value of $846,500.00.
• On Thursday, June 20th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $12.11, for a total value of $605,500.00.

Sunrun Stock Up 11.3 %

Shares of RUN opened at $19.15 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26. The firm’s 50 day moving average is $17.77 and its 200-day moving average is $14.05. The stock has a market capitalization of $4.28 billion, a PE ratio of -2.87 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Equities research analysts forecast that Sunrun Inc. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sunrun by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares during the last quarter. Truist Financial Corp acquired a new stake in Sunrun in the fourth quarter valued at about $307,000. Victory Capital Management Inc. grew its position in Sunrun by 579.1% in the fourth quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock valued at $5,078,000 after acquiring an additional 220,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after acquiring an additional 142,563 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock worth $54,617,000 after acquiring an additional 179,688 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

RUN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Thursday, August 8th. Susquehanna upped their target price on shares of Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a report on Monday, July 15th. Oppenheimer lifted their price target on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial restated a “hold” rating and issued a $18.00 price objective (up previously from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.