Sunrun Inc (NASDAQ:RUN) CEO Lynn Michelle Jurich sold 62,472 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $15.00, for a total transaction of $937,080.00. Following the transaction, the chief executive officer now owns 2,887,316 shares in the company, valued at approximately $43,309,740. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:RUN opened at $14.61 on Friday. The company has a market capitalization of $1.60 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.91 and a beta of -0.54. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 1.44. Sunrun Inc has a one year low of $5.08 and a one year high of $16.44.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.36). The company had revenue of $204.96 million during the quarter, compared to the consensus estimate of $190.06 million. Sunrun had a net margin of 13.72% and a return on equity of 4.78%. Sunrun’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, research analysts forecast that Sunrun Inc will post 0.89 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of RUN. Neuberger Berman Group LLC lifted its stake in Sunrun by 881.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock valued at $31,318,000 after purchasing an additional 2,260,933 shares during the last quarter. Morgan Stanley lifted its stake in Sunrun by 104.8% in the 3rd quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock valued at $17,064,000 after purchasing an additional 701,745 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares during the last quarter. Credit Suisse AG lifted its stake in Sunrun by 26.5% in the 3rd quarter. Credit Suisse AG now owns 1,823,749 shares of the energy company’s stock valued at $22,689,000 after purchasing an additional 381,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sunrun by 230.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after purchasing an additional 352,702 shares during the last quarter. 79.96% of the stock is owned by institutional investors and hedge funds.
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Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.
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