Sunrun ( (RUN) ) has risen by 14.12%. Read on to learn why.
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Sunrun has experienced a notable 14.12% increase in its stock price over the past week, capturing the attention of investors and market watchers. This surge is largely attributed to a bullish option flow, with a significant number of call options being traded, indicating positive sentiment among traders. The most active options were the Sep-25 14 and 15 calls, with a total volume of around 10,300 contracts, suggesting that investors are optimistic about Sunrun’s short-term performance.
Despite the recent uptick in stock price, Sunrun has faced mixed sentiments from analysts and insiders. Barclays analyst Christine Cho reiterated a Hold rating on Sunrun, with a price target of $15.00, while the consensus among analysts remains a Moderate Buy with a price target of $15.92. Additionally, insider sentiment has been negative, with increased insider selling activity, including a notable sale by Paul Dickson, the company’s President and Chief Revenue Officer.
The stock’s recent performance comes amid a backdrop of mixed options sentiment and bearish flows, with some investors seeking downside protection. However, the overall market sentiment appears to be cautiously optimistic, as evidenced by the recent upgrade to Outperform by RBC Capital. As Sunrun approaches its earnings report on November 6th, investors will be closely monitoring the company’s performance and any potential market-moving announcements.