Investors Purchase High Volume of Call Options on Sunrun (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) saw some unusual options trading activity on Thursday. Traders bought 94,295 call options on the stock. This is an increase of 48% compared to the typical daily volume of 63,627 call options.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RUN. BNP Paribas Exane downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Thursday, May 22nd. KeyCorp restated an “underweight” rating and set a $6.00 price target on shares of Sunrun in a report on Tuesday, June 17th. UBS Group cut their price target on shares of Sunrun from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded shares of Sunrun from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Susquehanna cut their price target on shares of Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.26.

Insider Buying and Selling

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the sale, the executive owned 399,729 shares in the company, valued at approximately $2,694,173.46. This represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster acquired 50,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director owned 1,408,182 shares in the company, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders sold 88,993 shares of company stock valued at $612,979 in the last 90 days. 3.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sunrun by 8.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Sunrun in the 4th quarter valued at $402,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunrun by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after purchasing an additional 155,311 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Sunrun in the 1st quarter valued at $273,000. Finally, Greenvale Capital LLP raised its holdings in shares of Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

NASDAQ:RUN opened at $10.44 on Friday. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.99 and a current ratio of 1.32. The stock has a market capitalization of $2.39 billion, a P/E ratio of -0.86 and a beta of 2.60. The company has a 50 day moving average price of $8.40 and a 200 day moving average price of $8.19. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.26.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The company had revenue of $504.27 million during the quarter, compared to analysts’ expectations of $487.29 million. During the same quarter last year, the company posted ($0.40) EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts forecast that Sunrun will post -0.43 EPS for the current year.

Sunrun Company Profile

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.