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 business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the transaction, the director now owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $9.94, for a total transaction 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 transaction of $730,000.00.

Sunrun Trading Down 0.2 %

Sunrun stock opened at $9.13 on Friday. Sunrun Inc. has a one year low of $9.08 and a one year high of $22.26. The company’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $15.12. 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 current ratio of 1.47 and a quick ratio of 1.15.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of Sunrun by 1.5% during the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares during the last quarter. Creative Planning grew its position in Sunrun by 0.3% in the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after purchasing an additional 784 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after buying an additional 895 shares during the last quarter. Finally, &PARTNERS grew its position in Sunrun by 1.6% during the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after buying an additional 1,019 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on RUN. Glj Research restated a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Susquehanna cut their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Finally, Truist Financial reissued a “hold” rating and set a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.