Sunrun Inc. (NASDAQ:RUN – Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $13.61, for a total transaction of $680,500.00. Following the sale, the director directly owned 409,091 shares of the company’s stock, valued at approximately $5,567,728.51. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lynn Michelle Jurich also recently made the following trade(s):
- On Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $15.92, for a total value of $796,000.00.
- 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 value of $644,500.00.
Sunrun Trading Down 2.0%
Shares of RUN opened at $13.11 on Thursday. Sunrun Inc. has a 12 month low of $8.95 and a 12 month high of $22.44. The stock’s 50-day moving average is $13.67 and its two-hundred day moving average is $15.50. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. The stock has a market cap of $3.13 billion, a PE ratio of 6.15 and a beta of 2.32.
Hedge Funds Weigh In On Sunrun
A number of hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its stake in Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after acquiring an additional 564 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Sunrun by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after purchasing an additional 565 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in shares of Sunrun by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after purchasing an additional 572 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Sunrun by 62.9% during the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after purchasing an additional 669 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently commented on RUN shares. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 target price on shares of Sunrun in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 price target on shares of Sunrun in a research note on Friday, May 8th. Susquehanna cut their price objective on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. reduced their price target on Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, TD Cowen dropped their price objective on Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.98.
Check Out Our Latest Analysis on RUN
Sunrun Company Profile
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.
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