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

Sunrun Inc. (NASDAQ:RUN) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 47,000 call options on the stock. This is an increase of approximately 94% compared to the typical volume of 24,263 call options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. UBS Group dropped their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. BMO Capital Markets reduced their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd. TD Cowen lowered their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Roth Capital set a $20.00 price objective on Sunrun in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Stock Down 2.8 %

RUN stock opened at $6.59 on Friday. 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 firm has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $10.96. The company has a market capitalization of $1.49 billion, a P/E ratio of -3.62 and a beta of 2.74. Sunrun has a twelve month low of $5.55 and a twelve month high of $22.26.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster purchased 150,000 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares in the company, valued at $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. In the last quarter, insiders sold 121,466 shares of company stock valued at $1,136,397. 3.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sunrun in the 4th quarter valued at approximately $94,000. Sylebra Capital LLC boosted its holdings in Sunrun by 124.0% in the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Sunrun by 76.9% during the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock worth $187,000 after purchasing an additional 8,792 shares during the period. Finally, Teza Capital Management LLC lifted its position in shares of Sunrun by 12.9% in the 4th quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock worth $413,000 after buying an additional 5,121 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.