Key Points
- Sunrun director Lynn Michelle Jurich sold 50,000 shares on December 1 at an average price of $19.57 for $978,500, leaving her with 751,626 shares (a 6.24% reduction in her position).
- This sale continues a string of insider disposals — 50,000 shares on Nov. 3, 50,000 on Oct. 1 and 50,490 on Sept. 8 — totaling about 200,490 shares sold (~$3.84 million) since September.
- Company fundamentals show a mixed picture: Sunrun beat recent quarterly EPS and revenue estimates with revenue up 34.9% Y/Y, but it still has a negative net margin (−120.59%); analysts' consensus is a "Moderate Buy" with an average price target of $19.58 and a market cap of ~$4.22 billion.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $19.57, for a total value of $978,500.00. Following the completion of the sale, the director owned 751,626 shares of the company's stock, valued at $14,709,320.82. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lynn Michelle Jurich also recently made the following trade(s):
- On Monday, November 3rd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $20.41, for a total value of $1,020,500.00.
- On Wednesday, October 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $19.31, for a total transaction of $965,500.00.
- On Monday, September 8th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was 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 stock opened at $18.18 on Wednesday. The firm has a market cap of $4.22 billion, a P/E ratio of -1.57 and a beta of 2.35. The firm's fifty day moving average is $19.23 and its 200 day moving average is $14.11. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. 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 (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. During the same period in the prior year, the business posted ($0.37) earnings per share. The company's revenue was up 34.9% on a year-over-year basis. Research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.
Institutional Trading of Sunrun
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company's stock valued at $418,300,000 after acquiring an additional 288,945 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of Sunrun by 23.8% in the 1st 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. PGGM Investments boosted its stake in shares of Sunrun by 17.8% during the 3rd quarter. PGGM Investments now owns 8,256,941 shares of the energy company's stock valued at $142,763,000 after purchasing an additional 1,249,683 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Sunrun by 95.6% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company's stock valued at $66,525,000 after purchasing an additional 3,974,464 shares in the last quarter. Finally, 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 valued at $30,044,000 after buying an additional 264,024 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.
Analysts Set New Price Targets
RUN has been the topic of several recent research reports. Zacks Research lowered Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 17th. Citigroup raised Sunrun from a "neutral" rating to a "buy" rating and increased their price objective for the company from $11.00 to $26.00 in a research note on Tuesday, October 21st. The Goldman Sachs Group lifted their target price on shares of Sunrun from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Susquehanna upped their price target on shares of Sunrun from $13.00 to $23.00 and gave the company a "positive" rating in a report on Monday, October 13th. Finally, Jefferies Financial Group raised shares of Sunrun from a "hold" rating to a "buy" rating and increased their price target for the company from $11.00 to $21.00 in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Sunrun currently has an average rating of "Moderate Buy" and an average price target of $19.58.
Check Out Our Latest Research Report on RUN
About Sunrun
(
Get Free Report)
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.
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