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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the transaction, the director now owns 1,294,383 shares in the company, valued at approximately $21,913,904.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, June 20th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00.
• On Wednesday, June 5th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00.

Sunrun Stock Performance

NASDAQ RUN traded down $0.01 during trading on Monday, hitting $16.94. 13,743,260 shares of the company’s stock traded hands, compared to its average volume of 13,522,632. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -2.54 and a beta of 2.61. Sunrun Inc. has a 12-month low of $8.43 and a 12-month high of $22.16. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31. The business has a 50 day moving average of $13.63 and a 200-day moving average of $13.09.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. The business had revenue of $458.20 million for the quarter, compared to the consensus estimate of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company’s revenue was down 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.12) earnings per share. As a group, equities research analysts anticipate that Sunrun Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of RUN. Fifth Third Bancorp increased its position in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares during the last quarter. BNP Paribas bought a new position in Sunrun during the first quarter valued at approximately $37,000. CWM LLC grew its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. USCF Advisers LLC grew its position in Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Sunrun during the first quarter valued at approximately $53,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RUN has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. boosted their price target on shares of Sunrun from $14.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Jefferies Financial Group decreased their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Susquehanna boosted their price target on shares of Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research note on Monday, July 15th. Finally, Piper Sandler upped their target price on shares of Sunrun from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus target price of $21.32.

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.