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

Sunrun Inc. (NASDAQ:RUN - Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 97,800 call options on the stock. This represents an increase of 213% compared to the average daily volume of 31,253 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Citigroup reissued a "neutral" rating and set a $7.00 price target on shares of Sunrun in a report on Thursday, April 17th. UBS Group reissued a "buy" rating and set a $17.00 price target on shares of Sunrun in a report on Wednesday. Finally, StockNews.com raised Sunrun to a "sell" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.92.

Sunrun Trading Down 4.7%

Shares of NASDAQ RUN traded down $0.60 during trading on Friday, reaching $12.25. The company had a trading volume of 12,813,123 shares, compared to its average volume of 11,082,745. The company's fifty day moving average price is $7.28 and its 200-day moving average price is $8.90. Sunrun has a 12 month low of $5.45 and a 12 month high of $22.26. The stock has a market cap of $2.80 billion, a P/E ratio of -6.73 and a beta of 2.66. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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 return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter in the previous year, the company posted ($0.40) EPS. The business's revenue was up 10.1% on a year-over-year basis. As a group, research analysts expect that Sunrun will post -0.43 earnings per share for the current year.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's 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 transaction, the director now directly owns 941,753 shares of the company's stock, valued at approximately $8,569,952.30. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 19,343 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the transaction, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 138,540 shares of company stock worth $1,050,944. 3.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Sunrun during the 4th quarter valued at about $29,000. Newbridge Financial Services Group Inc. raised its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after buying an additional 2,000 shares during the period. Summit Securities Group LLC acquired a new position in Sunrun during the 4th quarter worth approximately $53,000. Union Bancaire Privee UBP SA acquired a new position in Sunrun during the 4th quarter worth approximately $56,000. Finally, Apollon Wealth Management LLC acquired a new position in Sunrun during the 1st quarter worth approximately $60,000. Institutional investors own 91.69% of the company's stock.

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.