Key Points
- Lynn Michelle Jurich, a Sunrun director, sold 50,000 shares on May 1 at an average price of $12.89 for $644,500 under a pre-arranged Rule 10b5-1 plan, trimming her stake to 507,947 shares (an 8.96% decrease) valued at about $6.55M.
- Sunrun posted a strong quarter—EPS $0.38 vs. a consensus loss of $0.08 and revenue of $1.16B (up 123.5% year-over-year)—yet analysts' consensus rating is a Hold with an average target price of $18.63.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $12.89, for a total value of $644,500.00. Following the completion of the sale, the director directly owned 507,947 shares in the company, valued at $6,547,436.83. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Wednesday, April 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $14.07, for a total value of $703,500.00.
- On Friday, March 6th, Lynn Michelle Jurich sold 450 shares of Sunrun stock. The shares were sold at an average price of $11.99, for a total value of $5,395.50.
- On Monday, March 2nd, Lynn Michelle Jurich sold 55,507 shares of Sunrun stock. The stock was sold at an average price of $12.68, for a total transaction of $703,828.76.
Sunrun Stock Performance
NASDAQ:RUN opened at $12.70 on Tuesday. The firm's 50-day moving average is $13.38 and its 200-day moving average is $17.08. 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 3.38, a quick ratio of 1.27 and a current ratio of 1.66. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 7.43 and a beta of 2.25.
Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.46. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $610.29 million. During the same quarter in the previous year, the firm posted $1.41 EPS. The business's revenue was up 123.5% compared to the same quarter last year. Equities research analysts anticipate that Sunrun Inc. will post 0.47 earnings per share for the current year.
Institutional Trading of Sunrun
Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its stake in shares of Sunrun by 3,147.1% in the 3rd quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company's stock valued at $2,648,000 after purchasing an additional 148,447 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sunrun by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company's stock valued at $20,660,000 after purchasing an additional 63,284 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Sunrun by 41.7% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 498,530 shares of the energy company's stock valued at $8,620,000 after purchasing an additional 146,588 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunrun by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company's stock valued at $418,300,000 after purchasing an additional 288,945 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Sunrun by 132.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company's stock valued at $48,777,000 after purchasing an additional 1,609,803 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on RUN shares. JPMorgan Chase & Co. cut their target price on Sunrun from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Mizuho cut their target price on Sunrun from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 2nd. Jefferies Financial Group cut their target price on Sunrun from $22.00 to $15.00 and set a "hold" rating for the company in a research note on Tuesday, April 7th. Susquehanna cut their target price on Sunrun from $24.00 to $19.00 and set a "positive" rating for the company in a research note on Thursday, April 9th. Finally, Raymond James Financial started coverage on Sunrun in a research note on Monday, January 12th. They issued a "market perform" rating for the company. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.63.
Read Our Latest Analysis 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.
Featured Stories
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].
