SAN FRANCISCO—Lynn Michelle Jurich, a director at Sunrun Inc . (NASDAQ:RUN), sold 50,000 shares of the company’s common stock, according to a regulatory filing. The transaction, executed on December 19, 2024, was conducted under a pre-arranged trading plan adopted earlier this year. The shares were sold at a weighted average price of $9.418, with sale prices ranging from $9.25 to $9.60 per share, totaling approximately $470,899.
Following the sale, Jurich retains direct ownership of 1,041,753 shares, which includes 8,707 restricted stock units subject to vesting conditions. Additionally, Jurich indirectly holds 1,600,000 shares through Jurich Murray Holdings LLC. The filing underscores Jurich’s continued substantial stake in the company even after the transaction.
In other recent news, residential solar market player, Sunrun, has been the subject of various analyst adjustments. TD Cowen initiated coverage on the company's stock, setting a Buy rating and expressing confidence in Sunrun's cash generation targets. However, Piper Sandler, Truist Securities, and BMO Capital Markets adjusted their stances, downgrading their ratings or reducing their price targets due to concerns about Sunrun's cash generation capabilities and potential policy risks.
Sunrun demonstrated strong performance in the third quarter, achieving a milestone of 1 million customers and a record number of storage installations. The company's annual recurring revenue surpassed $1.5 billion, marking a 22% increase from the previous year. Sunrun also installed 336 megawatt hours of storage, a 92% increase over the previous year.
Looking ahead, Sunrun projects 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 highlight Sunrun's continued focus on growth and profitability.
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