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 shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following 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 SEC, which is available at this link.

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 transaction 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 transaction of $846,500.00.

Sunrun Price Performance

Sunrun stock opened at $18.91 on Friday. The firm has a market cap of $4.23 billion, a PE ratio of -2.84 and a beta of 2.59. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The company’s 50 day moving average is $18.51 and its two-hundred day moving average is $14.36.

Sunrun (NASDAQ:RUN) last released its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. On average, research analysts expect that Sunrun Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently modified their holdings of the company. BNP Paribas acquired a new stake in Sunrun during the 1st quarter worth $37,000. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the 2nd quarter valued at about $36,000. Parallel Advisors LLC increased its holdings in Sunrun by 91.4% during the 4th quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after acquiring an additional 1,513 shares in the last quarter. CWM LLC increased its holdings in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sunrun during the second quarter worth about $45,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RUN. Barclays boosted their target price on shares of Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Truist Financial reiterated a “hold” rating and issued a $18.00 target price (up from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. Oppenheimer boosted their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley boosted their target price on shares of Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

Sunrun Company Profile

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.