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Sunrun Inc . (NASDAQ:RUN) Chief Executive Officer Mary Powell recently reported transactions involving the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions come as the company’s stock trades near $6.71, down over 65% in the past six months. According to InvestingPro analysis, Sunrun currently shows signs of being undervalued, with significant volatility in its stock movements. On February 28, Powell sold 1,295 shares at a weighted average price ranging from $7.33 to $7.345 per share, totaling approximately $9,515. A few days later, on March 3, she sold an additional 4,818 shares at a price range of $6.285 to $6.43 per share, amounting to $30,628. The total value of these sales is approximately $40,143. These transactions occurred as the company, with a market capitalization of $1.4 billion, faces challenges with its financial health, which InvestingPro rates as "Weak" based on comprehensive analysis of multiple financial indicators.
In a separate transaction on February 28, Powell acquired 13,650 shares at no cost. These shares were granted as performance-based restricted stock units, which vested upon the attainment of specific performance criteria by Sunrun. Following these transactions, Powell holds 567,858 shares, including 364,184 restricted stock units subject to vesting conditions. While analysts expect Sunrun to return to profitability this year, InvestingPro data reveals 13 additional key insights about the company’s performance and prospects, available in the comprehensive Pro Research Report.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, significantly surpassing analysts’ expectations with an earnings per share (EPS) of $1.41, while revenue came in below expectations at $518.5 million. The company achieved positive cash generation for the third consecutive quarter and expanded its customer base to 1 million. Sunrun’s strategic focus on storage-first solutions has positioned it as a leader in the residential solar and storage market. Deutsche Bank (ETR:DBKGn) reiterated its Buy rating for Sunrun, maintaining a price target of $10.50, acknowledging the company’s effective navigation of industry challenges. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its outlook, reducing the price target to $15.00 from $18.00, but maintained an Outperform rating. Sunrun’s leadership in energy storage and solar subscriptions was highlighted as a key strength, with potential benefits from higher tax credits. The company has also taken strategic financial steps, such as extending corporate debt maturities and securing $7 billion in capital in 2024.
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