Cardiff Oncology shares plunge after Q2 earnings miss
Danny Abajian, Chief Financial Officer of Sunrun Inc . (NASDAQ:RUN), sold 16,927 shares of the company's common stock on April 7, 2025. The shares were sold at a weighted average price of $6.7428, resulting in a total transaction value of $114,135. The sale was made to cover tax obligations associated with the settlement of vested restricted stock units. The transaction comes as Sunrun's stock trades near its 52-week low of $5.54, having declined over 52% in the past year. InvestingPro analysis suggests the stock is currently undervalued, with 17 additional key insights available to subscribers.
Following this transaction, Abajian holds 231,279 shares directly. Additionally, shares held include 198,567 restricted stock units, which are subject to forfeiture until they vest. Some of the securities are held by the Abajian Family Trust, where Abajian acts as co-trustee. The company faces significant challenges with its financial health rated as WEAK by InvestingPro, which provides comprehensive ownership analysis and detailed financial metrics in its Pro Research Report, available to subscribers.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, exceeding analysts' expectations with an earnings per share (EPS) of $1.41, compared to the anticipated loss of $0.27. Despite this earnings beat, revenue was slightly below forecasts at $518.5 million against the expected $544.85 million. Deutsche Bank (ETR:DBKGn) maintained its Buy rating for Sunrun, setting a price target of $10.50, while Jefferies downgraded the stock from Buy to Hold, reducing the price target to $8 due to concerns over the residential solar market's recovery and uncertainties related to the Inflation Reduction Act. Mizuho (NYSE:MFG) Securities also revised its price target downward to $15 from $18 but retained an Outperform rating, citing Sunrun's strong position in energy storage and solar subscriptions.
Additionally, Sunrun announced the resignation of Manjula Talreja from its board of directors, effective April 4, 2025. The board has since been reduced from nine to eight directors. During the fourth quarter, Sunrun generated $34 million in cash, although this included an $18 million safe-harbor purchase. The company has secured $7 billion in capital and extended its corporate debt maturities, with the next debt due in 2030. Sunrun's strategic focus on storage-first solutions has led to significant increases in storage attachment rates, reaching 62% in the fourth quarter. As the company continues to navigate industry challenges, investors are closely monitoring these developments and their potential impact on Sunrun's governance and strategic direction.
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