Lynn Michelle Jurich Sells 50,000 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the transaction, the director now owns 1,142,446 shares in the company, valued at $16,679,711.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lynn Michelle Jurich also recently made the following trade(s):

• On Thursday, September 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00.
• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51.

Sunrun Price Performance

Shares of RUN opened at $14.61 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $22.26. The stock has a market cap of $3.27 billion, a PE ratio of -2.29 and a beta of 2.58. The firm has a fifty day moving average price of $18.38 and a 200 day moving average price of $15.16.

Sunrun (NASDAQ:RUN) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. As a group, sell-side analysts anticipate that Sunrun Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP grew its holdings in shares of Sunrun by 20.5% during the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sunrun by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after acquiring an additional 729,633 shares during the period. Handelsbanken Fonder AB raised its stake in Sunrun by 0.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock valued at $56,402,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Sylebra Capital LLC acquired a new stake in Sunrun during the 2nd quarter worth approximately $35,387,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on RUN. Evercore ISI decreased their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets boosted their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Susquehanna lowered their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.64.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.