Key Points
- Lynn Michelle Jurich, a Sunrun director, sold 50,000 shares on Jan. 2 at an average price of $19.28 for $964,000, reducing her stake by 6.66% to 701,175 shares (about $13.52M).
- The Jan. 2 sale continues a recent pattern of insider selling by Jurich — she also sold 50,000 shares on Nov. 3 and Dec. 1 and 451 shares on Dec. 8 — indicating ongoing reductions in her holdings.
- Separately, Sunrun beat quarterly EPS estimates ($0.06 vs. $0.01) with revenue up 34.9% to $724.6M, and has taken steps to strengthen liquidity including a $500 million JV with Hannon Armstrong and a credit agreement extension to 2028.
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 Friday, January 2nd. The shares were sold at an average price of $19.28, for a total value of $964,000.00. Following the completion of the transaction, the director directly owned 701,175 shares in the company, valued at approximately $13,518,654. This trade represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Lynn Michelle Jurich also recently made the following trade(s):
- On Monday, December 8th, Lynn Michelle Jurich sold 451 shares of Sunrun stock. The shares were sold at an average price of $17.79, for a total transaction of $8,023.29.
- On Monday, December 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $19.57, for a total transaction of $978,500.00.
- 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 transaction of $1,020,500.00.
Sunrun Price Performance
Shares of NASDAQ RUN opened at $18.30 on Wednesday. The firm has a market capitalization of $4.25 billion, a P/E ratio of -1.64 and a beta of 2.35. The firm's 50-day moving average price is $18.85 and its 200-day moving average price is $15.97. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44.
Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.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 previous year, the company posted ($0.37) EPS. The firm's revenue was up 34.9% compared to the same quarter last year. Equities research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
RUN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, October 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sunrun in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Sunrun from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 2nd. Wells Fargo & Company boosted their price objective on Sunrun from $14.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Sunrun from $11.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.75.
Check Out Our Latest Stock Analysis on RUN
Hedge Funds Weigh In On Sunrun
Several hedge funds have recently modified their holdings of RUN. GAMMA Investing LLC grew its holdings in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock valued at $311,000 after acquiring an additional 607 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in Sunrun by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company's stock worth $608,000 after purchasing an additional 644 shares during the last quarter. Harvest Portfolios Group Inc. grew its stake in Sunrun by 2.7% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company's stock valued at $532,000 after purchasing an additional 800 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Sunrun by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company's stock valued at $325,000 after purchasing an additional 967 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock worth $183,000 after purchasing an additional 1,332 shares during the period. Institutional investors own 91.69% of the company's stock.
Sunrun News Roundup
Here are the key news stories impacting Sunrun this week:
About Sunrun
(
Get Free Report)
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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