SAN FRANCISCO—Mary Powell, the Chief Executive Officer of Sunrun Inc . (NASDAQ:RUN), has sold 4,350 shares of the company's common stock. The transaction, which occurred on January 6, 2025, was valued at approximately $48,621, with shares sold at a weighted average price of $11.1773. The sale price ranged from $11.125 to $11.255 per share. The stock, currently trading at $11.37, has shown significant momentum with an 18.59% gain year-to-date, though InvestingPro analysis indicates the stock is currently fairly valued.
Following this transaction, Powell retains ownership of 560,321 shares, including 368,061 restricted stock units that remain subject to forfeiture until they vest. The shares were sold to cover tax obligations arising from the settlement of vested restricted stock units. With a market capitalization of $2.54 billion, Sunrun operates with significant debt burden and weak financial health, according to InvestingPro's comprehensive analysis, which offers 14 additional key insights about the company's financial position.
In other recent news, Sunrun, a prominent player in the clean energy sector, has seen significant developments. Clear Street has adjusted its price target for Sunrun to $23 from $25, reflecting a cautious optimism about the company's prospects amid regulatory uncertainties. Meanwhile, Sunrun's board of directors has undergone reshuffling with the departure of Gerald Risk and the appointment of John Trinta as the new Audit Committee Chair.
Analysts have made several adjustments to Sunrun's stock, with TD Cowen initiating coverage with a Buy rating, while Piper Sandler, Truist Securities, and BMO Capital Markets have revised their stance due to concerns about cash generation capabilities and policy risks.
Sunrun reported strong third-quarter results, achieving a milestone of 1 million customers, and a record number of storage installations. The company's annual recurring revenue surpassed $1.5 billion, a 22% increase from the previous year, and installed 336 megawatt hours of storage, a 92% increase over the prior year.
Looking forward, Sunrun projects a cash generation of $50 to $125 million in the next quarter, and $350 to $600 million in 2025. The company also anticipates installing 320 to 350 megawatt-hours of storage and 240 to 250 megawatts of solar capacity. These recent developments underline Sunrun's continued focus on growth and profitability despite the current policy environment.
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