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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction 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 directly owns 991,753 shares in the company, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Sunrun stock opened at $9.22 on Wednesday. Sunrun Inc. has a 52 week low of $8.94 and a 52 week high of $22.26. 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 stock has a market cap of $2.07 billion, a P/E ratio of -5.07 and a beta of 2.58. The stock has a 50 day moving average of $10.29 and a 200-day moving average of $14.64.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same period in the prior year, the business earned $0.40 earnings per share. On average, analysts expect that Sunrun Inc. will post -0.4 EPS for the current fiscal year.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. increased its stake in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth $44,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sunrun in the 4th quarter worth about $94,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sunrun in the 2nd quarter valued at about $104,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RUN. Barclays lowered their target price on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Oppenheimer dropped their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. BMO Capital Markets dropped their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Finally, Jefferies Financial Group reduced their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and an average price target of $19.31.

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.