Sunrun Sees Unusually Large Options Volume (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) saw some unusual options trading on Tuesday. Investors acquired 28,484 put options on the company. This represents an increase of approximately 19% compared to the typical daily volume of 24,037 put options.

Insider Buying and Selling at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,466 shares of company stock worth $1,136,397. Corporate insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Sunrun in the 4th quarter valued at $18,500,000. Charles Schwab Investment Management Inc. boosted its stake in Sunrun by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after acquiring an additional 155,311 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Sunrun during the fourth quarter worth about $403,000. Principal Financial Group Inc. increased its position in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Sunrun by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 126,174 shares of the energy company’s stock valued at $2,279,000 after purchasing an additional 71,094 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Up 10.3 %

Shares of NASDAQ RUN traded up $0.60 during midday trading on Tuesday, hitting $6.46. 11,658,542 shares of the company’s stock were exchanged, compared to its average volume of 10,599,951. The firm’s fifty day simple moving average is $7.82 and its 200-day simple moving average is $11.11. The company has a market cap of $1.46 billion, a PE ratio of -3.56 and a beta of 2.84. Sunrun has a twelve month low of $5.55 and a twelve month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Analysts Set New Price Targets

A number of analysts recently issued reports on RUN shares. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 7th. Barclays decreased their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets cut their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

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.