Sunrun Inc. (NASDAQ:RUN - Get Free Report) saw some unusual options trading on Tuesday. Stock investors bought 28,484 put options on the stock. This is an increase of 19% compared to the average volume of 24,037 put options.
Insider Buying and Selling at Sunrun
In related news, Director Edward Harris Fenster purchased 150,000 shares of Sunrun stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,466 shares of company stock valued at $1,136,397. Company insiders own 3.77% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun in the third quarter valued at approximately $44,000. Summit Securities Group LLC acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter worth approximately $56,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on the company. Wells Fargo & Company dropped their price target on Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price for the company in a report on Tuesday, January 7th. BMO Capital Markets decreased their price target on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their price objective on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com raised shares of Sunrun to a "sell" rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.20.
View Our Latest Stock Report on RUN
Sunrun Trading Up 6.1 %
Shares of RUN traded up $0.40 during trading on Friday, reaching $6.99. 16,150,115 shares of the company traded hands, compared to its average volume of 10,706,557. The stock has a 50-day simple moving average of $7.61 and a 200-day simple moving average of $10.81. The stock has a market cap of $1.58 billion, a PE ratio of -3.84 and a beta of 2.74. Sunrun has a twelve month low of $5.55 and a twelve month high of $22.26. 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 Company Profile
(
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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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