Sunrun Inc. (NASDAQ:RUN) Director Sells $175,413.04 in Stock

Sunrun Inc. (NASDAQ:RUNGet Rating) Director Lynn Michelle Jurich sold 4,664 shares of Sunrun stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $37.61, for a total transaction of $175,413.04. Following the completion of the sale, the director now directly owns 1,453,452 shares of the company’s stock, valued at approximately $54,664,329.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, September 19th, Lynn Michelle Jurich sold 3,993 shares of Sunrun stock. The shares were sold at an average price of $37.04, for a total transaction of $147,900.72.
  • On Monday, September 12th, Lynn Michelle Jurich sold 75,000 shares of Sunrun stock. The shares were sold at an average price of $37.63, for a total transaction of $2,822,250.00.
  • On Wednesday, August 10th, Lynn Michelle Jurich sold 75,000 shares of Sunrun stock. The shares were sold at an average price of $34.63, for a total transaction of $2,597,250.00.
  • On Monday, August 8th, Lynn Michelle Jurich sold 100,000 shares of Sunrun stock. The shares were sold at an average price of $37.01, for a total transaction of $3,701,000.00.
  • On Monday, July 11th, Lynn Michelle Jurich sold 75,000 shares of Sunrun stock. The stock was sold at an average price of $25.33, for a total transaction of $1,899,750.00.

Sunrun Stock Performance

NASDAQ:RUN opened at $37.05 on Tuesday. Sunrun Inc. has a 12-month low of $16.80 and a 12-month high of $60.60. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $7.86 billion, a PE ratio of -66.16 and a beta of 2.26. The firm has a 50-day moving average price of $31.83 and a 200 day moving average price of $27.78.

Sunrun (NASDAQ:RUNGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. Sunrun had a negative net margin of 5.86% and a negative return on equity of 1.39%. The firm had revenue of $584.58 million during the quarter, compared to analyst estimates of $485.04 million. Research analysts anticipate that Sunrun Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RUN. BlackRock Inc. grew its stake in Sunrun by 14.8% during the fourth quarter. BlackRock Inc. now owns 29,631,513 shares of the energy company’s stock worth $1,016,363,000 after buying an additional 3,814,952 shares during the last quarter. Vanguard Group Inc. grew its stake in Sunrun by 0.3% during the first quarter. Vanguard Group Inc. now owns 17,996,518 shares of the energy company’s stock worth $546,554,000 after buying an additional 55,863 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sunrun by 0.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,059,018 shares of the energy company’s stock worth $188,259,000 after buying an additional 36,369 shares during the last quarter. State Street Corp grew its stake in Sunrun by 3.8% during the fourth quarter. State Street Corp now owns 6,644,379 shares of the energy company’s stock worth $227,902,000 after buying an additional 244,354 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in Sunrun by 20.5% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,181,565 shares of the energy company’s stock worth $144,401,000 after buying an additional 1,052,421 shares during the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Sunrun from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Sunrun from $52.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. BMO Capital Markets boosted their target price on shares of Sunrun from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Barclays assumed coverage on shares of Sunrun in a research report on Friday, August 5th. They set an “overweight” rating and a $46.00 target price for the company. Finally, Piper Sandler boosted their target price on shares of Sunrun from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $48.47.

Sunrun Company Profile

(Get Rating)

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; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

See Also

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

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