Sunrun Sees Unusually Large Options Volume (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN - Get Free Report) was the target of unusually large options trading activity on Thursday. Investors acquired 94,295 call options on the company. This is an increase of approximately 48% compared to the average daily volume of 63,627 call options.

Sunrun Stock Performance

RUN stock traded up $1.45 during midday trading on Friday, reaching $10.44. 33,830,506 shares of the company's stock traded hands, compared to its average volume of 13,369,374. 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 firm has a market capitalization of $2.39 billion, a PE ratio of -0.86 and a beta of 2.60. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.26. The company has a 50-day moving average price of $8.34 and a two-hundred day moving average price of $8.19.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same period in the previous year, the business earned ($0.40) EPS. The business's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities analysts anticipate that Sunrun will post -0.43 EPS for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Edward Harris Fenster bought 50,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the transaction, the director directly owned 1,408,182 shares in the company, valued at approximately $15,306,938.34. This trade represents a 3.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the sale, the insider directly owned 291,238 shares of the company's stock, valued at $1,962,944.12. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,993 shares of company stock valued at $612,979 over the last three months. 3.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun during the fourth quarter worth about $29,000. Summit Securities Group LLC purchased a new stake in shares of Sunrun during the 4th quarter valued at $53,000. Sterling Capital Management LLC raised its position in Sunrun by 807.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after purchasing an additional 6,129 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Sunrun in the fourth quarter valued at approximately $92,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Sunrun during the 4th quarter valued at $94,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on RUN shares. Mizuho set a $13.00 price objective on shares of Sunrun and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Wall Street Zen cut shares of Sunrun from a "hold" rating to a "sell" rating in a report on Friday, June 6th. BNP Paribas downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup reissued a "neutral" rating and set a $7.00 price objective on shares of Sunrun in a research report on Thursday, April 17th. Finally, Susquehanna reduced their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunrun has a consensus rating of "Hold" and an average target price of $13.26.

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.