Key Points
- Sunrun Director Lynn Michelle Jurich sold 50,000 shares on Feb. 2 at an average price of $18.59 for proceeds of $929,500, trimming her holdings by 7.13% to 651,175 shares valued at roughly $12.11 million.
- The Feb. 2 sale continues a string of recent dispositions by Jurich (including 50,000 shares on Jan. 2 and 50,000 on Dec. 1), while analysts generally rate Sunrun a “Moderate Buy” with an average price target near $19.99 and the company carries a market cap of about $4.29 billion.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $18.59, for a total value of $929,500.00. Following the sale, the director directly owned 651,175 shares in the company, valued at $12,105,343.25. The trade was a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Lynn Michelle Jurich also recently made the following trade(s):
- On Friday, January 2nd, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $19.28, for a total value of $964,000.00.
- 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 shares were sold at an average price of $19.57, for a total transaction of $978,500.00.
Sunrun Price Performance
NASDAQ:RUN opened at $18.47 on Wednesday. The company has a 50-day moving average of $18.70 and a 200-day moving average of $17.29. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -1.65 and a beta of 2.36. 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 3.67, a quick ratio of 1.06 and a current ratio of 1.46.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million for the quarter, compared to analysts' expectations of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. As a group, equities research analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sunrun
A number of hedge funds have recently added to or reduced their stakes in RUN. Farther Finance Advisors LLC raised its stake in shares of Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock worth $27,000 after acquiring an additional 885 shares during the last quarter. Sycomore Asset Management acquired a new stake in shares of Sunrun in the third quarter valued at approximately $28,000. Optiver Holding B.V. acquired a new stake in shares of Sunrun in the third quarter valued at approximately $31,000. Salomon & Ludwin LLC raised its position in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company's stock worth $31,000 after purchasing an additional 558 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock worth $34,000 after buying an additional 2,660 shares in the last quarter. Institutional investors own 91.69% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on RUN. Wells Fargo & Company raised their target price on Sunrun from $14.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 11th. Citigroup upgraded Sunrun from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $11.00 to $26.00 in a research note on Tuesday, October 21st. Susquehanna boosted their target price on shares of Sunrun from $13.00 to $23.00 and gave the company a "positive" rating in a research note on Monday, October 13th. TD Cowen upped their target price on shares of Sunrun from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, November 7th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $22.00 target price on shares of Sunrun in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.99.
Get Our Latest Report on Sunrun
Sunrun Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
