Key Points
- Sunrun director Lynn Michelle Jurich sold 50,000 shares on July 1 at an average price of $13.61, totaling $680,500. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- This was Jurich’s third recent 50,000-share sale, following similar transactions on June 1 and May 1, trimming her position by 10.89% after the latest sale.
- Sunrun’s stock was down 2.0% and last traded at $13.11, while analysts currently have a consensus Hold rating with a $18.98 price target. The company recently posted stronger-than-expected quarterly earnings and revenue growth.
Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $13.61, for a total transaction of $680,500.00. Following the completion of the transaction, the director directly owned 409,091 shares in the company, valued at $5,567,728.51. This represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Monday, June 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $15.92, for a total value of $796,000.00.
- 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.
Sunrun Stock Down 2.0%
Shares of Sunrun stock opened at $13.11 on Thursday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 6.15 and a beta of 2.32. Sunrun Inc. has a twelve month low of $8.95 and a twelve month high of $22.44. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The business's 50 day simple moving average is $13.67 and its 200-day simple moving average is $15.50.
Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.67. The business had revenue of $722.23 million during 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 for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities research analysts forecast that Sunrun Inc. will post 1.09 earnings per share for the current year.
Wall Street Analyst Weigh In
RUN has been the subject of several recent research reports. The Goldman Sachs Group restated a "buy" rating and set a $18.00 price target on shares of Sunrun in a research report on Thursday, May 7th. UBS Group reduced their target price on shares of Sunrun from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, June 16th. Citigroup decreased their target price on shares of Sunrun from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $17.00 price target on shares of Sunrun in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Sunrun from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, June 24th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Sunrun has a consensus rating of "Hold" and a consensus price target of $18.98.
Read Our Latest Research Report on RUN
Institutional Trading of Sunrun
A number of institutional investors have recently made changes to their positions in the stock. Contour Asset Management LLC bought a new position in shares of Sunrun in the fourth quarter valued at approximately $98,010,000. Norges Bank bought a new stake in Sunrun during the fourth quarter worth approximately $62,169,000. Voloridge Investment Management LLC bought a new stake in Sunrun during the third quarter worth approximately $40,193,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sunrun in the third quarter worth approximately $21,427,000. Finally, Invesco Ltd. lifted its position in Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company's stock worth $107,975,000 after purchasing an additional 1,231,628 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.
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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