Key Points
- Sunrun director Lynn Michelle Jurich sold 50,000 shares on June 1 at an average price of $15.92, totaling about $796,000. The sale reduced her ownership by 9.82% and was made under a pre-arranged Rule 10b5-1 plan.
- Jurich has been actively selling Sunrun stock in recent months, including additional 50,000-share sales in May and April. Her recent transactions suggest a consistent pattern of insider selling.
- Sunrun reported stronger-than-expected quarterly results, with EPS of $0.62 versus analyst expectations of a loss and revenue of $722.23 million, up 43.2% year over year. Despite the earnings beat, the stock was down 6.8% and analysts maintain a Moderate Buy consensus with an average target price of $18.48.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. Following the completion of the sale, the director directly owned 459,091 shares of the company's stock, valued at approximately $7,308,728.72. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lynn Michelle Jurich also recently made the following trade(s):
- On Friday, May 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $12.89, for a total value of $644,500.00.
- On Wednesday, April 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.07, for a total transaction 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 transaction of $5,395.50.
Sunrun Stock Down 6.8%
RUN stock opened at $15.58 on Tuesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 7.31 and a beta of 2.25. The company has a fifty day moving average price of $13.45 and a 200 day moving average price of $16.30. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44.
Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business's revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. Sell-side analysts expect that Sunrun Inc. will post 1.09 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun during the 4th quarter valued at approximately $27,000. Sycomore Asset Management bought a new position in Sunrun during the third quarter worth $28,000. Hantz Financial Services Inc. boosted its holdings in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after purchasing an additional 564 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Sunrun in the fourth quarter worth $30,000. Institutional investors and hedge funds own 91.69% of the company's stock.
Analysts Set New Price Targets
RUN has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Sunrun from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 16th. Freedom Capital downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Susquehanna lowered their price objective on shares of Sunrun from $24.00 to $19.00 and set a "positive" rating for the company in a research note on Thursday, April 9th. Citigroup cut their target price on Sunrun from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. Finally, Oppenheimer upped their price target on Sunrun from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of "Moderate Buy" and an average price target of $18.48.
Check Out Our Latest Stock Report on Sunrun
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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