Sunrun Inc. (NASDAQ:RUN – Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. Following the transaction, the director owned 459,091 shares in the company, valued at $7,308,728.72. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lynn Michelle Jurich also recently made the following trade(s):
- On Friday, May 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $12.89, for a total transaction of $644,500.00.
- On Wednesday, April 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.07, for a total transaction of $703,500.00.
- On Friday, March 6th, Lynn Michelle Jurich sold 450 shares of Sunrun stock. The stock was sold at an average price of $11.99, for a total transaction of $5,395.50.
Sunrun Stock Down 2.1%
NASDAQ:RUN opened at $15.25 on Wednesday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 7.16 and a beta of 2.32. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The company’s fifty day moving average price is $13.45 and its 200-day moving average price is $16.30. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.
Hedge Funds Weigh In On Sunrun
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Sunrun by 5.1% during the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock valued at $3,672,000 after acquiring an additional 30,175 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after acquiring an additional 10,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock valued at $1,397,000 after acquiring an additional 5,882 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Sunrun by 511.0% during the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock valued at $158,000 after acquiring an additional 22,603 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after acquiring an additional 718,955 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Sunrun in a research report on Thursday, May 7th. Barclays reduced their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group reduced their target price on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and a consensus price target of $18.48.
Check Out Our Latest Stock Report on Sunrun
About Sunrun
Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
Read More
- Five stocks we like better than Sunrun
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.
