Investors Purchase Large Volume of Call Options on Sunrun (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) was the target of some unusual options trading activity on Monday. Investors acquired 62,988 call options on the stock. This is an increase of approximately 62% compared to the average volume of 38,869 call options.

Sunrun Stock Performance

Shares of RUN opened at $20.24 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The firm has a market cap of $4.70 billion, a PE ratio of -1.81 and a beta of 2.35. Sunrun has a 12 month low of $5.38 and a 12 month high of $22.44. The stock has a fifty day moving average price of $19.08 and a 200-day moving average price of $15.09.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The company had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. During the same period in the prior year, the company posted ($0.37) EPS. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts predict that Sunrun will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on RUN shares. Guggenheim upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, November 10th. JPMorgan Chase & Co. upped their target price on Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a research report on Wednesday, December 17th. Oppenheimer lifted their price objective on Sunrun from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets set a $19.00 price objective on shares of Sunrun and gave the stock a “market perform” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.58.

Insider Transactions at Sunrun

In other Sunrun news, insider Jeanna Steele sold 1,870 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.80, for a total transaction of $33,286.00. Following the completion of the transaction, the insider owned 359,919 shares in the company, valued at $6,406,558.20. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Paul S. Dickson sold 2,371 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.79, for a total value of $42,180.09. Following the completion of the sale, the executive owned 645,229 shares in the company, valued at approximately $11,478,623.91. The trade was a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 445,536 shares of company stock worth $8,579,156. 3.37% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Institutional investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd purchased a new position in shares of Sunrun during the 3rd quarter valued at about $175,000. CIBC Bancorp USA Inc. acquired a new stake in Sunrun during the third quarter worth about $559,000. Sycomore Asset Management purchased a new position in Sunrun during the third quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new position in Sunrun in the third quarter valued at approximately $38,000. Finally, U S Wealth Group LLC. boosted its position in Sunrun by 147.9% in the 3rd quarter. U S Wealth Group LLC. now owns 51,579 shares of the energy company’s stock worth $892,000 after purchasing an additional 30,772 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.