Sunrun (NASDAQ:RUN) Director Sells $872,000.00 in Stock

Key Points

• Lynn Michelle Jurich, a director at Sunrun, sold 50,000 shares of the company's stock for a total of $872,000, resulting in a 5.26% decrease in her ownership position.
• Sunrun's stock has seen a recent trading price of $19.11, reflecting a slight decrease of 0.2%, with a market capitalization of approximately $4.41 billion.
• Analysts have generally rated Sunrun positively, with a consensus rating of "Moderate Buy" and an average price target of $15.60 following recent upgrades from various investment firms.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $17.44, for a total value of $872,000.00. Following the completion of the transaction, the director owned 900,482 shares in the company, valued at $15,704,406.08. This trade represents a 5.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, October 1st, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $19.31, for a total value of $965,500.00.
• On Monday, September 8th, Lynn Michelle Jurich sold 490 shares of Sunrun stock. The shares were sold at an average price of $16.92, for a total value of $8,290.80.

Sunrun Stock Down 0.2%

NASDAQ RUN traded down $0.04 on Friday, reaching $19.11. The stock had a trading volume of 10,736,026 shares, compared to its average volume of 11,150,735. The business has a 50 day moving average price of $14.86 and a 200 day moving average price of $10.45. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a 1 year low of $5.38 and a 1 year high of $20.02. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -1.65 and a beta of 2.41.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $1.25. The firm had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after buying an additional 607 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Sunrun in the 2nd quarter worth approximately $102,000. Osaic Holdings Inc. raised its holdings in shares of Sunrun by 6.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock worth $183,000 after buying an additional 1,332 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Sunrun by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 168,009 shares of the energy company's stock worth $1,374,000 after buying an additional 3,228 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Sunrun in the 2nd quarter worth approximately $667,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank Of Canada upgraded Sunrun from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $12.00 to $16.00 in a research note on Monday, August 18th. Susquehanna upped their price target on Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sunrun in a research report on Saturday, September 27th. KeyCorp raised Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Finally, Glj Research raised Sunrun from a "sell" rating to a "hold" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.60.

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.

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