Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 1,544 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 1,544 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.64, for a total transaction of $10,252.16. Following the sale, the director now directly owns 946,779 shares in the company, valued at $6,286,612.56. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00.
• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00.

Sunrun Trading Up 4.2 %

RUN opened at $7.16 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of -3.93 and a beta of 2.59. The firm’s 50 day moving average is $9.01 and its 200-day moving average is $12.77. Sunrun Inc. has a 52-week low of $5.93 and a 52-week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RUN shares. Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. BMO Capital Markets decreased their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 3rd. Truist Financial reissued a “hold” rating and issued a $9.00 target price (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. UBS Group decreased their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays decreased their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and an average target price of $17.51.

Institutional Trading of Sunrun

A number of hedge funds have recently made changes to their positions in RUN. Alyeska Investment Group L.P. raised its stake in shares of Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after purchasing an additional 10,294,947 shares during the period. Greenvale Capital LLP raised its stake in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after purchasing an additional 4,516,793 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Sunrun during the third quarter valued at approximately $76,152,000. Sylebra Capital LLC raised its stake in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the period. Finally, Norges Bank purchased a new stake in shares of Sunrun during the fourth quarter valued at approximately $31,022,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.