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SAN FRANCISCO—Lynn Jurich, a director at Sunrun Inc . (NASDAQ:RUN), reported a sale of 50,000 shares of the company’s common stock, according to a recent SEC filing. The solar energy company, currently valued at $1.92 billion, has seen its shares decline by approximately 55% over the past six months. The shares were sold at a weighted average price of $9.0978, with transaction prices ranging from $8.96 to $9.31. This sale, executed under a pre-arranged trading plan, totaled approximately $454,890. Following the transaction, Jurich holds 941,753 shares directly, as well as an additional 1,600,000 shares indirectly through Jurich Murray Holdings LLC. The filing notes that some of the directly held shares include restricted stock units subject to vesting conditions. Trading at 0.36 times book value, InvestingPro analysis suggests the stock is currently undervalued, despite facing challenges with cash burn and debt management. For deeper insights into Sunrun’s valuation and 14 additional key ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Sunrun has announced several key developments that are drawing attention from investors. The company recently appointed Maria Barak as the new Chief Accounting Officer, effective February 6, 2025. Barak has been with Sunrun since 2017 and has held various positions, including VP, Corporate Controller. In financial moves, Sunrun priced $695 million of solar asset-backed securities (ABS) notes, which BMO Capital Markets noted as an improvement in financing terms, maintaining their Market Perform rating with an $11 price target.
Jefferies adjusted their price target on Sunrun to $17, down from $19, but maintained a Buy rating, citing expectations of strong cash generation despite market uncertainties. UBS upgraded Sunrun from Neutral to Buy, raising the price target to $17, highlighting the company’s growth in California’s market share and increased deployment of battery storage. Clear Street also maintained a Buy rating but lowered the price target to $23 from $25, emphasizing Sunrun as a top clean energy stock pick for 2025.
These developments reflect Sunrun’s strategic efforts in leadership and financing to strengthen its position in the solar market. Analysts have varying perspectives on the company’s prospects, with some highlighting potential growth and others noting challenges due to regulatory uncertainties. Investors are closely monitoring Sunrun’s performance and strategic moves as it navigates the evolving landscape of the clean energy sector.
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