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 business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the transaction, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $35,311.51.
• On Friday, July 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00.

Sunrun Trading Down 5.8 %

Shares of NASDAQ RUN opened at $19.13 on Friday. The business has a 50 day simple moving average of $18.45 and a 200 day simple moving average of $14.32. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of -2.87 and a beta of 2.59. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, research analysts predict that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunrun

Large investors have recently made changes to their positions in the business. Duncker Streett & Co. Inc. acquired a new stake in Sunrun in the 2nd quarter worth $36,000. BNP Paribas bought a new stake in shares of Sunrun during the first quarter valued at approximately $37,000. CWM LLC boosted its stake in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun in the 2nd quarter valued at $45,000. Finally, Headlands Technologies LLC bought a new position in shares of Sunrun during the 1st quarter worth about $53,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on RUN. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Thursday, August 8th. Morgan Stanley raised their price objective on shares of Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their target price on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on Sunrun from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.98.

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.