Sunrun Target of Unusually High Options Trading (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 69,603 call options on the company. This is an increase of 185% compared to the average daily volume of 24,450 call options.

Wall Street Analyst Weigh In

Several research analysts have commented on RUN shares. UBS Group cut their target price on Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 price objective on shares of Sunrun in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their target price on Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group downgraded Sunrun from a "buy" rating to a "hold" rating and dropped their price target for the company from $14.00 to $8.00 in a research report on Wednesday, March 12th. Finally, BMO Capital Markets decreased their price target on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Sunrun presently has an average rating of "Hold" and an average price target of $14.92.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the transaction, the director now owns 941,753 shares in the company, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Harris Fenster purchased 150,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 in the last three months. Company insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently made changes to their positions in RUN. Aster Capital Management DIFC Ltd purchased a new position in Sunrun during the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. raised its holdings in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sunrun during the third quarter valued at $44,000. Summit Securities Group LLC purchased a new stake in shares of Sunrun in the 4th quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Sunrun in the 4th quarter worth about $56,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Trading Up 1.5 %

Shares of Sunrun stock traded up $0.11 during trading on Monday, reaching $7.50. 7,551,299 shares of the stock were exchanged, compared to its average volume of 10,722,776. Sunrun has a 1 year low of $5.45 and a 1 year high of $22.26. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -4.12 and a beta of 2.74. 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 stock's fifty day moving average is $6.83 and its 200 day moving average is $9.47.

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.

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