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

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Thursday, September 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00.
• 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 value of $35,311.51.

Sunrun Stock Performance

Shares of Sunrun stock opened at $9.71 on Wednesday. The stock has a market cap of $2.18 billion, a PE ratio of -5.34 and a beta of 2.61. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business has a fifty day simple moving average of $15.40 and a 200-day simple moving average of $15.45.

Institutional Trading of Sunrun

A number of institutional investors have recently bought and sold shares of RUN. Empowered Funds LLC acquired a new stake in Sunrun during the first quarter valued at $139,000. State Board of Administration of Florida Retirement System lifted its position in shares of Sunrun by 2.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 244,694 shares of the energy company’s stock worth $3,225,000 after buying an additional 5,679 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Sunrun in the first quarter worth about $2,107,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Sunrun by 35.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 259,789 shares of the energy company’s stock worth $3,423,000 after buying an additional 67,761 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RUN shares. Wells Fargo & Company lowered their price target on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Guggenheim cut Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Roth Mkm lowered their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.12.

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.