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 that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the transaction, the director now owns 991,753 shares in the company, valued at $9,510,911.27. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 value of $471,000.00.
• On Tuesday, November 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.94, for a total value of $497,000.00.

Sunrun Stock Performance

NASDAQ RUN opened at $8.46 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $1.90 billion, a PE ratio of -4.65 and a beta of 2.58. The business’s 50-day moving average price is $10.25 and its 200 day moving average price is $14.60. Sunrun Inc. has a twelve month low of $8.39 and a twelve month high of $22.26.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same period in the prior year, the business posted $0.40 earnings per share. On average, research analysts predict that Sunrun Inc. will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley reduced their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Susquehanna lowered their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Glj Research reaffirmed a “sell” rating and set a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $19.31.

Institutional Trading of Sunrun

Institutional investors have recently made changes to their positions in the stock. Pacific Capital Wealth Advisors Inc. boosted its holdings in Sunrun by 102.9% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock valued at $747,000 after acquiring an additional 40,942 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in shares of Sunrun by 11.0% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock worth $740,000 after purchasing an additional 7,929 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun during the 4th quarter worth about $56,000. Janney Montgomery Scott LLC acquired a new stake in Sunrun during the 4th quarter worth approximately $118,000. Finally, SG Americas Securities LLC raised its holdings in Sunrun by 40.4% in the fourth quarter. SG Americas Securities LLC now owns 74,893 shares of the energy company’s stock valued at $693,000 after buying an additional 21,533 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.