Sunrun Sees Unusually Large Options Volume (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) was the target of unusually large options trading on Friday. Stock investors purchased 88,445 call options on the company. This is an increase of 186% compared to the average daily volume of 30,942 call options.

Sunrun Trading Up 2.3 %

Shares of RUN stock traded up $0.32 during trading hours on Friday, hitting $14.32. 5,424,881 shares of the company were exchanged, compared to its average volume of 11,847,185. Sunrun has a 1 year low of $8.66 and a 1 year high of $22.26. The firm has a fifty day moving average of $18.00 and a 200 day moving average of $15.19. The firm has a market cap of $3.17 billion, a PE ratio of -2.10 and a beta of 2.58. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million for the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. Analysts expect that Sunrun will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group raised 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. Evercore ISI dropped their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group cut their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Finally, Oppenheimer raised their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and a consensus target price of $22.79.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the sale, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $46,249.51. Following the completion of the transaction, the executive now directly owns 427,883 shares of the company’s stock, valued at approximately $7,800,307.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 180,001 shares of company stock valued at $3,220,345. Corporate insiders own 3.76% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sunrun by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock worth $384,394,000 after purchasing an additional 176,861 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Sunrun by 142.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after acquiring an additional 142,563 shares in the last quarter. Symmetry Investments LP purchased a new position in shares of Sunrun in the 2nd quarter valued at $1,205,000. State of Alaska Department of Revenue raised its stake in shares of Sunrun by 466.2% in the 1st quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock valued at $1,751,000 after acquiring an additional 109,411 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Sunrun during the 1st quarter valued at $171,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.