FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
This transaction was conducted to cover tax obligations from the settlement of vested restricted stock units. Following the sale, Powell retains ownership of 534,615 shares, which includes 292,321 restricted stock units subject to vesting conditions. With a market capitalization of $1.26 billion, Sunrun faces challenging market conditions. Discover 15+ additional exclusive insights and detailed analysis in the comprehensive Pro Research Report, available on InvestingPro. With a market capitalization of $1.26 billion, Sunrun faces challenging market conditions. Discover 15+ additional exclusive insights and detailed analysis in the comprehensive Pro Research Report, available on InvestingPro.
This transaction was conducted to cover tax obligations from the settlement of vested restricted stock units. Following the sale, Powell retains ownership of 534,615 shares, which includes 292,321 restricted stock units subject to vesting conditions.
In other recent news, Sunrun Inc (NASDAQ:RUN). reported its fourth-quarter 2024 earnings, surpassing analysts' expectations with an earnings per share of $1.41, compared to the anticipated loss of $0.27. However, the company's revenue came in below projections at $518.5 million. Deutsche Bank (ETR:DBKGn) maintained its Buy rating for Sunrun, with a price target of $10.50, recognizing the company's effective navigation of industry challenges. Meanwhile, Jefferies downgraded Sunrun from Buy to Hold, lowering the price target to $8 due to concerns over the residential solar market and uncertainties surrounding the Inflation Reduction Act.
Mizuho (NYSE:MFG) Securities also adjusted its outlook on Sunrun, reducing the price target to $15 from $18, while maintaining an Outperform rating. The firm cited Sunrun's strong position in energy storage and solar subscriptions as positive factors despite increased competition and rising costs. In corporate governance news, Manjula Talreja resigned from Sunrun's board of directors, leading to a reduction in the board's size from nine to eight members. Sunrun continues to focus on strategic growth and financial discipline, projecting cash generation between $200 million and $500 million for 2025.
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