Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $9.96, for a total transaction of $498,000.00. Following the completion of the sale, the director directly owned 367,405 shares of the company's stock, valued at approximately $3,659,353.80. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, July 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $13.61, for a total transaction of $680,500.00.
- 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 transaction of $796,000.00.
Sunrun Price Performance
Shares of RUN opened at $11.03 on Wednesday. The company has a 50 day moving average price of $12.62 and a 200-day moving average price of $14.27. Sunrun Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $22.44. The stock has a market capitalization of $2.63 billion, a PE ratio of 5.18 and a beta of 2.35. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45.
Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. Sunrun's revenue was up 43.2% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Equities analysts predict that Sunrun Inc. will post 1.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Citigroup reduced their price target on Sunrun from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, April 21st. Weiss Ratings downgraded Sunrun from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $18.00 target price on shares of Sunrun in a research note on Thursday, May 7th. Zacks Research downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Barclays decreased their price target on shares of Sunrun from $23.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.81.
Read Our Latest Research Report on RUN
Institutional Trading of Sunrun
A number of institutional investors have recently made changes to their positions in RUN. Summit Global Investments acquired a new position in Sunrun during the 2nd quarter valued at about $252,000. Empowered Funds LLC boosted its holdings in Sunrun by 26.3% in the first quarter. Empowered Funds LLC now owns 20,856 shares of the energy company's stock worth $283,000 after acquiring an additional 4,342 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Sunrun by 74.7% during the first quarter. Bank of America Corp DE now owns 2,054,524 shares of the energy company's stock worth $27,859,000 after acquiring an additional 878,319 shares during the last quarter. Amundi grew its stake in shares of Sunrun by 56.3% during the first quarter. Amundi now owns 3,300,626 shares of the energy company's stock worth $44,798,000 after acquiring an additional 1,188,564 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Sunrun by 22.4% during the first quarter. California State Teachers Retirement System now owns 267,162 shares of the energy company's stock valued at $3,623,000 after acquiring an additional 48,965 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
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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