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, October 1st. The shares were sold at an average price of $19.31, for a total transaction of $965,500.00. Following the completion of the sale, the director owned 850,482 shares of the company’s stock, valued at approximately $16,422,807.42. This represents a 5.55% decrease in their position. The sale 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 Monday, September 8th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $17.44, for a total transaction of $872,000.00.
• On Monday, September 8th, Lynn Michelle Jurich sold 490 shares of Sunrun stock. The shares were sold at an average price of $16.92, for a total transaction of $8,290.80.

Sunrun Price Performance

RUN opened at $19.11 on Friday. The firm has a market cap of $4.41 billion, a P/E ratio of -1.65 and a beta of 2.41. The firm has a 50-day moving average of $14.86 and a 200 day moving average of $10.48. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $20.02.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUN. PGGM Investments boosted its position in Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares during the period. Maple Rock Capital Partners Inc. boosted its position in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the period. Sylebra Capital LLC boosted its position in Sunrun by 23.8% during the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock worth $48,482,000 after purchasing an additional 1,590,169 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sunrun in the second quarter valued at approximately $9,668,000. Finally, HRT Financial LP bought a new position in shares of Sunrun in the second quarter valued at approximately $9,416,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of Sunrun from $8.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Cowen restated a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. KeyCorp upgraded shares of Sunrun from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group increased their price target on shares of Sunrun from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

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.