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 stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $14.07, for a total transaction of $703,500.00. Following the sale, the director directly owned 557,947 shares in the company, valued at $7,850,314.29. This represents a 8.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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, March 6th, Lynn Michelle Jurich sold 450 shares of Sunrun stock. The shares were sold at an average price of $11.99, for a total transaction of $5,395.50.
• On Monday, March 2nd, Lynn Michelle Jurich sold 55,507 shares of Sunrun stock. The stock was sold at an average price of $12.68, for a total transaction of $703,828.76.
• On Monday, February 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $18.59, for a total transaction of $929,500.00.

Sunrun Price Performance

RUN stock remained flat at $13.50 during midday trading on Friday. 7,305,796 shares of the company’s stock traded hands, compared to its average volume of 9,179,423. The firm has a 50-day moving average of $16.13 and a 200-day moving average of $17.82. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 7.89 and a beta of 2.37. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.46. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company’s revenue was up 123.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Glj Research decreased their price objective on Sunrun from $6.73 to $4.63 and set a “sell” rating for the company in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft set a $19.00 target price on shares of Sunrun in a research note on Wednesday, January 7th. Jefferies Financial Group cut shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Friday, February 27th. Loop Capital set a $12.00 price target on shares of Sunrun in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a research report on Wednesday, December 17th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.58.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its position in shares of Sunrun by 3,147.1% in the 3rd quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock valued at $2,648,000 after purchasing an additional 148,447 shares during the period. Principal Financial Group Inc. grew its stake in Sunrun by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company’s stock worth $20,660,000 after buying an additional 63,284 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Sunrun by 41.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 498,530 shares of the energy company’s stock worth $8,620,000 after buying an additional 146,588 shares during the period. Range Financial Group LLC purchased a new stake in Sunrun in the third quarter valued at approximately $1,403,000. Finally, Vanguard Group Inc. lifted its stake in Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock valued at $418,300,000 after buying an additional 288,945 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.