Sunrun Inc. (NASDAQ:RUN – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 151,391 call options on the stock. This represents an increase of 681% compared to the average daily volume of 19,383 call options.
Sunrun Trading Up 27.6%
Shares of RUN stock traded up $3.53 during mid-day trading on Wednesday, hitting $16.34. The company’s stock had a trading volume of 28,871,703 shares, compared to its average volume of 9,263,008. The company’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $15.69. Sunrun has a 52 week low of $6.98 and a 52 week high of $22.44. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. The company has a market cap of $3.90 billion, a PE ratio of 7.69 and a beta of 2.32.
Sunrun (NASDAQ:RUN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company had revenue of $722.23 million for the quarter, compared to the consensus estimate of $688.50 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 43.2% compared to the same quarter last year. As a group, equities research analysts expect that Sunrun will post 1.09 earnings per share for the current fiscal year.
Insider Activity
Hedge Funds Weigh In On Sunrun
Several institutional investors have recently added to or reduced their stakes in RUN. Salomon & Ludwin LLC increased its stake in Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sunrun by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after buying an additional 565 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in shares of Sunrun by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after buying an additional 572 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Sunrun by 62.9% during the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock worth $32,000 after acquiring an additional 669 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have commented on RUN. Glj Research reiterated a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research report on Thursday, June 11th. UBS Group lowered their price objective on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Susquehanna cut their price objective on Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. Jefferies Financial Group reduced their target price on Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Finally, Oppenheimer increased their target price on shares of Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.98.
Get Our Latest Stock Analysis on RUN
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.
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