Sunrun (NASDAQ:RUN) Director Sells $644,500.00 in Stock

Key Points

• Director Lynn Michelle Jurich sold 50,000 Sunrun shares on May 1 at an average price of $12.89 for $644,500 under a pre-arranged Rule 10b5-1 plan, reducing her stake to 507,947 shares (an ~8.96% decline).
• Sunrun reported a strong quarter, posting EPS of $0.38 versus a consensus of ($0.08) and revenue of $1.16 billion, up 123.5% year-over-year and well above the $610 million estimate.
• The stock traded around $12.61 (market cap ≈ $2.97B) and faces mixed analyst sentiment—consensus target $18.63 with 12 Buys, 10 Holds and 1 Sell—while institutional investors own roughly 91.7% of shares.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $12.89, for a total transaction of $644,500.00. Following the completion of the transaction, the director owned 507,947 shares of the company's stock, valued at approximately $6,547,436.83. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 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 stock was sold at an average price of $11.99, for a total transaction 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 Price Performance

Shares of RUN traded down $0.46 during mid-day trading on Monday, hitting $12.61. 2,235,755 shares of the company were exchanged, compared to its average volume of 9,333,474. Sunrun Inc. has a 1-year low of $5.38 and a 1-year 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 50 day moving average of $13.38 and a 200-day moving average of $17.08. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 7.37 and a beta of 2.25.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share 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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $610.29 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company's revenue for the quarter was up 123.5% on a year-over-year basis. Analysts expect that Sunrun Inc. will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company's stock valued at $31,000 after purchasing an additional 558 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock valued at $28,000 after purchasing an additional 564 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sunrun by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company's stock valued at $322,000 after purchasing an additional 565 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in shares of Sunrun by 5.2% in the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company's stock valued at $211,000 after purchasing an additional 572 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in shares of Sunrun by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company's stock valued at $608,000 after purchasing an additional 644 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Sunrun from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Loop Capital set a $12.00 price target on shares of Sunrun in a report on Tuesday, March 3rd. UBS Group cut their price target on shares of Sunrun from $26.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, March 10th. Citigroup cut their price target on shares of Sunrun from $26.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Sunrun from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $18.63.

Sunrun Company Profile

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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