Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 2,986 Shares

Sunrun Inc. (NASDAQ:RUN – Get Rating) Director Lynn Michelle Jurich sold 2,986 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $17.70, for a total value of $52,852.20. Following the completion of the transaction, the director now directly owns 1,411,220 shares of the company’s stock, valued at $24,978,594. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 15th, Lynn Michelle Jurich sold 3,402 shares of Sunrun stock. The stock was sold at an average price of $19.07, for a total value of $64,876.14.
• On Monday, March 6th, Lynn Michelle Jurich sold 2,784 shares of Sunrun stock. The stock was sold at an average price of $25.51, for a total value of $71,019.84.
• On Tuesday, February 28th, Lynn Michelle Jurich sold 40,000 shares of Sunrun stock. The stock was sold at an average price of $24.00, for a total value of $960,000.00.
• On Monday, December 19th, Lynn Michelle Jurich sold 4,196 shares of Sunrun stock. The stock was sold at an average price of $27.70, for a total value of $116,229.20.

Sunrun Trading Down 8.9 %

RUN stock traded down $1.69 during midday trading on Friday, reaching $17.32. The stock had a trading volume of 23,645,213 shares, compared to its average volume of 8,472,744. The business has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $27.01. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 22.49 and a beta of 2.30. Sunrun Inc. has a twelve month low of $16.69 and a twelve month high of $39.13.

Sunrun (NASDAQ:RUN – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The energy company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.26. The firm had revenue of $609.20 million during the quarter, compared to analyst estimates of $588.89 million. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. The company’s revenue was up 40.0% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. As a group, research analysts expect that Sunrun Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. Nisa Investment Advisors LLC increased its position in Sunrun by 64.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,149 shares of the energy company’s stock worth $28,000 after purchasing an additional 449 shares during the period. SeaCrest Wealth Management LLC bought a new position in Sunrun during the second quarter worth about $31,000. RFP Financial Group LLC bought a new position in Sunrun during the fourth quarter worth about $40,000. Salem Investment Counselors Inc. boosted its holdings in Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock worth $47,000 after buying an additional 1,500 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Sunrun by 150.6% during the third quarter. Quadrant Capital Group LLC now owns 2,383 shares of the energy company’s stock worth $66,000 after buying an additional 1,432 shares during the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RUN shares. Scotiabank started coverage on Sunrun in a research note on Thursday, March 2nd. They set a “sector outperform” rating and a $40.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Sunrun from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Truist Financial dropped their price objective on Sunrun from $52.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st. Morgan Stanley dropped their price objective on Sunrun from $72.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Finally, Barclays lowered Sunrun from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $44.00 to $35.00 in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.89.

About Sunrun

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.