Sunrun chief accounting officer Barak Maria sells $18,379 in stock

SAN FRANCISCO—Barak Maria, Chief Accounting Officer at Sunrun Inc . (NASDAQ:RUN), recently sold shares of the company, according to an SEC filing. On April 7, Maria sold 2,729 shares of Sunrun's common stock at a weighted average price of $6.7348 per share, amounting to a total transaction value of $18,379. The transaction comes as Sunrun's stock trades near its 52-week low of $5.54, having declined over 65% in the past six months.

This sale was conducted to cover tax obligations arising from the settlement of vested restricted stock units. Following the transaction, Maria holds 54,875 shares, which include 27,468 restricted stock units subject to forfeiture until they vest. According to InvestingPro data, Sunrun operates with significant debt burden, with a debt-to-equity ratio of 5.13, while facing challenges in cash flow management.

Sunrun, a leading provider in the solar energy sector with a market capitalization of $1.26 billion, continues to be a significant player in the renewable energy market. InvestingPro analysis reveals 17 additional key insights about Sunrun's financial health and market position, available in the comprehensive Pro Research Report.

In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, showcasing a significant earnings per share (EPS) of $1.41, which outperformed analysts' predictions of a $0.27 loss. However, the company's revenue of $518.5 million fell short of the expected $544.85 million. Despite the revenue miss, Sunrun achieved positive cash generation for the third consecutive quarter and expanded its customer base to 1 million, including 889,000 subscribers. In terms of analyst ratings, Jefferies downgraded Sunrun from Buy to Hold, reducing the price target to $8, citing concerns over the residential solar market's recovery and uncertainties regarding the Inflation Reduction Act. Meanwhile, Deutsche Bank (ETR:DBKGn) maintained its Buy rating with a $10.50 price target, recognizing Sunrun's effective management of industry challenges and positive cash flow. Mizuho (NYSE:MFG) Securities also adjusted its price target from $18 to $15 but kept an Outperform rating, highlighting Sunrun's leadership in energy storage and solar subscriptions. Additionally, the company saw a change in its board of directors with the resignation of Manjula Talreja, leading to a reduction in the board's size from nine to eight members. These developments reflect the ongoing adjustments and strategic maneuvers within Sunrun as it navigates a challenging market environment.

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