Traders Buy Large Volume of Call Options on Sunrun (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors bought 97,800 call options on the company. This represents an increase of 213% compared to the typical volume of 31,253 call options.

Wall Street Analyst Weigh In

RUN has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Barclays cut their price target 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. Citigroup restated a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, BMO Capital Markets cut 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 equities research 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. Based on data from MarketBeat, Sunrun presently has a consensus rating of "Hold" and a consensus target price of $14.82.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 31,197 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the transaction, the chief executive officer now owns 534,615 shares of the company's stock, valued at approximately $3,603,305.10. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Danny Abajian sold 16,927 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $114,087.98. Following the sale, the chief financial officer now directly owns 231,279 shares in the company, valued at approximately $1,558,820.46. The trade was a 6.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock worth $1,050,944 over the last three months. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Sunrun during the 4th quarter worth approximately $402,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Sunrun in the 4th quarter valued at $18,500,000. Charles Schwab Investment Management Inc. grew its stake in Sunrun by 7.2% in the 4th 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 during the period. Essex Investment Management Co. LLC acquired a new stake in Sunrun in the 4th quarter valued at $403,000. Finally, Greenvale Capital LLP grew its stake in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after acquiring an additional 4,516,793 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $10.96 on Tuesday. Sunrun has a twelve month low of $5.45 and a twelve month high of $22.26. The company's 50 day moving average is $6.85 and its 200 day moving average is $8.95. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.50 billion, a PE ratio of -6.02 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. Sunrun's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS. On average, sell-side analysts forecast that Sunrun will post -0.43 EPS for the current year.

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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