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Jeanna Steele, the Chief Legal and People Officer at Sunrun Inc . (NASDAQ:RUN), recently executed a stock transaction involving the company’s common stock. The solar energy company, currently valued at $1.4 billion, has seen its shares decline 65% over the past six months, trading at $6.71 near its 52-week low of $5.93. According to an SEC filing, Steele sold 1,303 shares on March 3, 2025, at a weighted average price of $6.36 per share, resulting in a total transaction value of approximately $8,283. The sale was conducted to cover tax obligations arising from the settlement of vested restricted stock units. InvestingPro analysis reveals concerning trends about the company’s financial health, with two key risk factors being significant debt burden and rapid cash burn.
Prior to this sale, Steele acquired 2,780 shares of Sunrun common stock on February 28, 2025, at no cost, as part of a performance-based restricted stock unit award. This acquisition was contingent on the company’s performance criteria being met, which were certified on the same day. Following these transactions, Steele holds 302,866 shares, including 150,896 restricted stock units that remain subject to vesting conditions. For comprehensive insider trading analysis and 13 additional key insights about Sunrun, visit InvestingPro.
In other recent news, Sunrun Inc. reported fourth-quarter 2024 earnings that significantly exceeded analysts’ expectations, with an earnings per share (EPS) of $1.41 against a forecasted loss of $0.27. Despite the revenue coming in at $518.5 million, below the projected $544.85 million, Sunrun maintained positive cash generation for the third consecutive quarter. Deutsche Bank (ETR:DBKGn) reiterated its Buy rating for Sunrun, maintaining a price target of $10.50, recognizing the company’s effective navigation of 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 strong position in energy storage and solar subscriptions.
Sunrun has taken strategic financial measures, including securing $7 billion in capital and extending corporate debt maturities to 2030. The company also reported a notable increase in its Investment Tax Credit sales tax to an average of 40% in the fourth quarter of 2024. Analysts from Deutsche Bank and Mizuho noted Sunrun’s ability to adapt to a challenging macroeconomic environment, with expectations for continued momentum in 2025. Sunrun’s leadership in the renewable energy sector is underscored by its focus on storage solutions and subscription-based services, which are expected to attract more customers.
The company has expanded its customer base to 1 million, including 889,000 subscribers, and achieved an annual recurring revenue of over $1.6 billion, a 23% increase year-over-year. Looking ahead, Sunrun projects cash generation between $200 million and $500 million for 2025, with plans to pay down $100 million in recourse debt. These developments reflect Sunrun’s strategic growth and financial discipline, positioning it as a leader in the residential solar and storage market.
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