Sunrun Inc (NASDAQ:RUN) CEO Lynn Michelle Jurich sold 41,667 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.78, for a total transaction of $824,173.26. Following the completion of the sale, the chief executive officer now directly owns 3,077,307 shares in the company, valued at $60,869,132.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Lynn Michelle Jurich also recently made the following trade(s):
- On Tuesday, June 2nd, Lynn Michelle Jurich sold 116,371 shares of Sunrun stock. The stock was sold at an average price of $18.01, for a total transaction of $2,095,841.71.
NASDAQ RUN opened at $20.00 on Monday. Sunrun Inc has a 52 week low of $7.84 and a 52 week high of $23.66. The firm has a market capitalization of $2.41 billion, a P/E ratio of 222.22, a PEG ratio of 20.14 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 1.49 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average price of $17.97 and a 200-day moving average price of $15.78.
Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.27). The firm had revenue of $210.70 million during the quarter, compared to analysts’ expectations of $195.24 million. Sunrun had a return on equity of 0.98% and a net margin of 1.40%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) earnings per share. As a group, equities research analysts anticipate that Sunrun Inc will post 0.11 EPS for the current year.
A number of equities analysts recently issued reports on the stock. ValuEngine cut shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 19th. JMP Securities lowered their target price on shares of Sunrun from $16.00 to $10.00 in a research note on Friday, March 20th. TheStreet cut shares of Sunrun from a “c-” rating to a “d+” rating in a research note on Tuesday, May 12th. Finally, UBS Group lowered their target price on shares of Sunrun from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus price target of $21.06.
A number of institutional investors have recently added to or reduced their stakes in RUN. Amundi Pioneer Asset Management Inc. grew its holdings in Sunrun by 91.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 206,897 shares of the energy company’s stock valued at $2,856,000 after buying an additional 98,653 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Sunrun during the 4th quarter valued at approximately $276,000. Charles Schwab Investment Management Inc. boosted its position in shares of Sunrun by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 550,528 shares of the energy company’s stock valued at $7,603,000 after acquiring an additional 11,627 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Sunrun during the 4th quarter valued at approximately $83,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Sunrun during the 1st quarter valued at approximately $396,000. 92.68% of the stock is owned by institutional investors.
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, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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