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Lynn Jurich, a director at Sunrun Inc . (NASDAQ:RUN), executed a sale of 1,544 shares of the company’s common stock on March 6, according to a recent SEC filing. The shares were sold at a weighted average price of $6.645, resulting in a total transaction value of $10,259. This transaction was conducted to cover a tax obligation stemming from the settlement of vested restricted stock units. The sale comes as Sunrun’s stock trades near $7.16, having declined over 62% in the past six months. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $8 to $38.
Following the sale, Jurich retains direct ownership of 946,779 shares and indirect ownership of 1,600,000 shares through Jurich Murray Holdings LLC. The indirect holdings highlight Jurich’s continued investment in the company despite the recent sale. InvestingPro analysis indicates the company faces significant debt challenges, with a WEAK financial health score.
Sunrun, based in San Francisco, is a prominent player in the solar energy sector, and such insider transactions are closely monitored by investors for insights into the company’s future performance. For deeper insights into Sunrun’s financial health and future prospects, InvestingPro subscribers can access 14 additional ProTips and comprehensive valuation metrics in our detailed Pro Research Report.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, significantly surpassing analysts’ expectations with an earnings per share of $1.41, compared to the forecasted loss of $0.27. However, the company’s revenue came in below expectations at $518.5 million against the forecasted $544.85 million. Despite this, Sunrun generated $34 million in cash during the quarter, including an $18 million safe-harbor purchase. The company has also expanded its customer base to 1 million, including 889,000 subscribers, and achieved a 23% increase in annual recurring revenue year-over-year.
Deutsche Bank (ETR:DBKGn) maintained its Buy rating on Sunrun, with a price target of $10.50, acknowledging the company’s effective navigation of industry challenges. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its price target for Sunrun down to $15.00 from $18.00 but kept an Outperform rating, citing the company’s strong position in energy storage and solar subscriptions. The firm noted that Sunrun’s new guidance for 2025 installations and cash generation fell short of earlier projections due to increased competition and rising capital costs.
Sunrun’s strategic financial steps include extending corporate debt maturities to 2030 and securing $7 billion in capital in 2024. The company also increased its Investment Tax Credit ( ITC (NSE:ITC)) sales tax to an average of around 40% in the fourth quarter of 2024. Analysts anticipate Sunrun will continue to meet or exceed expectations in 2025, with potential benefits from market disruptions among peers and further momentum as an industry leader.
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