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Danny Abajian, Chief Financial Officer of Sunrun Inc . (NASDAQ:RUN), recently sold 1,484 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $6.65 per share, with the total value of the transaction amounting to $9,869. The sale was executed on March 6, 2025, amid challenging market conditions for the company, which has seen its stock decline over 62% in the past six months. According to InvestingPro analysis, Sunrun currently trades near its Fair Value, with the company showing weak financial health scores and operating with significant debt burden.
The filing also detailed additional transactions involving the disposition and acquisition of shares through gifts. Abajian transferred 2,513 shares without any monetary exchange, while acquiring an equal number of shares, which are now held by the Abajian Family Trust, where he serves as co-trustee. Following these transactions, Abajian holds 158,472 shares directly and indirectly, including restricted stock units subject to forfeiture until vesting. With a market capitalization of $1.62 billion and analysts forecasting profitability this year, investors can access detailed insights and 14 additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, Sunrun reported impressive fourth-quarter 2024 earnings, significantly surpassing analysts’ expectations with an earnings per share (EPS) of $1.41, compared to the anticipated loss of $0.27. Although revenue was slightly below projections at $518.5 million, the company’s strong financial performance and strategic direction have been well-received by investors. Deutsche Bank (ETR:DBKGn) reiterated its Buy rating for Sunrun, maintaining a price target of $10.50, acknowledging the company’s effective navigation through industry challenges. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its price target for Sunrun to $15.00 from $18.00, while maintaining an Outperform rating, citing the company’s leadership in energy storage and solar subscriptions.
Sunrun’s strategic financial measures included extending its corporate debt maturities and securing $7 billion in capital in 2024, positioning the company for continued positive cash generation. The company also reported a significant increase in its Investment Tax Credit ( ITC (NSE:ITC)) sales tax, reflecting its strong market position. Despite a challenging macroeconomic environment, Sunrun has expanded its dealer network, capitalizing on the bankruptcy of competitor Sunpower. Analysts from Deutsche Bank and Mizuho have expressed confidence in Sunrun’s management and strategic initiatives, highlighting its potential to maintain momentum as an industry leader.
Looking ahead, Sunrun projects cash generation between $200 million and $500 million for 2025, with plans to pay down $100 million in recourse debt, emphasizing its commitment to financial discipline and strategic growth. The company anticipates maintaining a 44% weighted average ITC level and expects battery attachment rates to rise to around 66%. These developments underscore Sunrun’s robust position in the renewable energy sector, with a focus on storage solutions and subscription-based services for solar energy.
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