Lynn Michelle Jurich Sells 200,000 Shares of Sunrun Inc (NASDAQ:RUN) Stock

Sunrun Inc (NASDAQ:RUN) CEO Lynn Michelle Jurich sold 200,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $30.70, for a total value of $6,140,000.00. Following the completion of the sale, the chief executive officer now owns 3,235,640 shares of the company’s stock, valued at approximately $99,334,148. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, July 7th, Lynn Michelle Jurich sold 100,000 shares of Sunrun stock. The stock was sold at an average price of $26.08, for a total transaction of $2,608,000.00.
  • On Wednesday, July 1st, Lynn Michelle Jurich sold 41,667 shares of Sunrun stock. The stock was sold at an average price of $19.78, for a total transaction of $824,173.26.
  • On Tuesday, June 2nd, Lynn Michelle Jurich sold 116,371 shares of Sunrun stock. The stock was sold at an average price of $18.01, for a total transaction of $2,095,841.71.

RUN opened at $35.82 on Thursday. The business’s 50-day moving average is $20.49 and its two-hundred day moving average is $16.46. Sunrun Inc has a 1 year low of $7.84 and a 1 year high of $34.31. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.49 and a quick ratio of 0.95. The firm has a market capitalization of $4.31 billion, a PE ratio of 397.94 and a beta of 1.42.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.27). Sunrun had a return on equity of 0.98% and a net margin of 1.40%. The firm had revenue of $210.70 million for the quarter, compared to analyst estimates of $195.24 million. During the same period in the previous year, the business earned ($0.12) EPS. Sunrun’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts expect that Sunrun Inc will post 0.18 EPS for the current year.

Several large investors have recently added to or reduced their stakes in RUN. BlackRock Inc. lifted its position in shares of Sunrun by 92.0% in the first quarter. BlackRock Inc. now owns 16,183,388 shares of the energy company’s stock valued at $163,452,000 after acquiring an additional 7,753,145 shares in the last quarter. Van ECK Associates Corp increased its stake in Sunrun by 0.5% during the first quarter. Van ECK Associates Corp now owns 3,328,137 shares of the energy company’s stock worth $33,614,000 after acquiring an additional 16,658 shares during the last quarter. State Street Corp increased its stake in Sunrun by 40.7% during the first quarter. State Street Corp now owns 3,148,408 shares of the energy company’s stock worth $31,799,000 after acquiring an additional 910,905 shares during the last quarter. Invesco Ltd. increased its stake in Sunrun by 0.5% during the first quarter. Invesco Ltd. now owns 2,314,053 shares of the energy company’s stock worth $23,372,000 after acquiring an additional 10,693 shares during the last quarter. Finally, Arosa Capital Management LP grew its stake in shares of Sunrun by 239.3% in the first quarter. Arosa Capital Management LP now owns 2,078,218 shares of the energy company’s stock valued at $20,990,000 after buying an additional 1,465,718 shares in the last quarter. 90.91% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on RUN shares. ValuEngine cut shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. UBS Group dropped their price objective on shares of Sunrun from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. JMP Securities raised their price target on shares of Sunrun from $19.00 to $31.00 in a research note on Monday, July 6th. TheStreet cut shares of Sunrun from a “c-” rating to a “d+” rating in a research report on Tuesday, May 12th. Finally, BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, June 19th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.31.

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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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