Sunrun (NASDAQ:RUN) Director Sells $872,000.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $17.44, for a total value of $872,000.00. Following the completion of the transaction, the director directly owned 900,482 shares in the company, valued at approximately $15,704,406.08. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, October 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $19.31, for a total value of $965,500.00.
• 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 value of $8,290.80.

Sunrun Price Performance

NASDAQ RUN opened at $19.11 on Monday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The stock’s fifty day moving average price is $14.86 and its 200 day moving average price is $10.51. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $20.02. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -1.65 and a beta of 2.41.

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

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently modified their holdings of the company. Sylebra Capital LLC lifted its stake in Sunrun by 23.8% in the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after buying an additional 1,590,169 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Sunrun by 95.6% in the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after acquiring an additional 3,974,464 shares in the last quarter. PGGM Investments boosted its stake in shares of Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after acquiring an additional 5,325,332 shares during the last quarter. Erste Asset Management GmbH increased its position in shares of Sunrun by 5.5% during the first quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock worth $30,044,000 after purchasing an additional 264,024 shares in the last quarter. Finally, Amundi increased its position in shares of Sunrun by 12.1% during the first quarter. Amundi now owns 3,479,021 shares of the energy company’s stock worth $20,686,000 after purchasing an additional 374,594 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RUN shares. Royal Bank Of Canada raised Sunrun from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. TD Cowen increased their price target on Sunrun from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. BNP Paribas raised Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.60.

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.