Lynn Michelle Jurich Sells 50,000 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00.
• On Tuesday, November 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.94, for a total value of $497,000.00.

Sunrun Stock Down 8.2 %

Shares of NASDAQ:RUN opened at $8.46 on Thursday. The firm has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $14.60. Sunrun Inc. has a twelve month low of $8.39 and a twelve month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $1.90 billion, a PE ratio of -4.65 and a beta of 2.58.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same quarter in the prior year, the company earned $0.40 EPS. On average, equities analysts predict that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RUN shares. TD Cowen began coverage on Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 price objective on the stock. Glj Research reissued a “sell” rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. Susquehanna lowered their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets cut their target price on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.31.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Pacific Capital Wealth Advisors Inc. increased its stake in Sunrun by 102.9% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock valued at $747,000 after purchasing an additional 40,942 shares during the period. Ridgecrest Wealth Partners LLC increased its position in Sunrun by 11.0% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock valued at $740,000 after acquiring an additional 7,929 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter valued at approximately $56,000. Janney Montgomery Scott LLC acquired a new stake in Sunrun during the 4th quarter worth approximately $118,000. Finally, SG Americas Securities LLC grew its stake in shares of Sunrun by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 74,893 shares of the energy company’s stock valued at $693,000 after purchasing an additional 21,533 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.