Sunrun Inc. (NASDAQ:RUN) Director Sells $471,000.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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.
• On Friday, October 18th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $14.60, for a total value of $730,000.00.

Sunrun Price Performance

Sunrun stock traded down $0.02 during midday trading on Thursday, reaching $9.13. 12,913,688 shares of the company were exchanged, compared to its average volume of 11,687,216. The firm’s 50-day simple moving average is $12.09 and its 200-day simple moving average is $15.12. Sunrun Inc. has a 1 year low of $9.08 and a 1 year high of $22.26. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.02 and a beta of 2.54. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of RUN. International Assets Investment Management LLC boosted its holdings in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares during the last quarter. Blue Trust Inc. lifted its position in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares during the period. Duncker Streett & Co. Inc. purchased a new position in Sunrun during the second quarter worth about $36,000. CWM LLC boosted its stake in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, September 27th. Morgan Stanley cut their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Wells Fargo & Company decreased their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group lowered their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, BNP Paribas downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.21.

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.