Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells 50,000 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The shares were sold at an average price of $18.23, for a total value of $35,311.51.
• On Friday, July 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $16.93, for a total value of $846,500.00.

Sunrun Stock Down 1.2 %

Shares of Sunrun stock opened at $18.91 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The business’s 50 day simple moving average is $18.54 and its 200-day simple moving average is $14.42. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -2.84 and a beta of 2.59. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $22.26.

Sunrun (NASDAQ:RUN) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year. Equities research analysts forecast that Sunrun Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RUN shares. BMO Capital Markets increased their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Truist Financial reissued a “hold” rating and issued a $18.00 price target (up previously from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. Evercore ISI reduced their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Oppenheimer increased their price target on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Institutional Trading of Sunrun

Several large investors have recently added to or reduced their stakes in RUN. Sylebra Capital LLC acquired a new stake in Sunrun in the 2nd quarter valued at approximately $35,387,000. Vanguard Group Inc. increased its position in Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares during the period. Greenvale Capital LLP increased its position in Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the period. Norges Bank acquired a new stake in Sunrun in the 4th quarter valued at approximately $23,186,000. Finally, Masters Capital Management LLC bought a new position in Sunrun during the 4th quarter valued at $19,630,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.