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SAN FRANCISCO—Lynn Michelle Jurich, a director at Sunrun Inc . (NASDAQ:RUN), sold shares of the company, according to a recent SEC filing. On March 3, Jurich sold 5,785 shares of Sunrun at a weighted average price of $6.3611 per share, totaling approximately $36,798. The sale was conducted to cover tax obligations from the settlement of vested restricted stock units. The transaction comes as Sunrun’s stock has declined over 65% in the past six months, currently trading near its 52-week low of $5.93.
Following this transaction, Jurich retains direct ownership of 948,323 shares of Sunrun common stock. In addition, Jurich holds an indirect ownership stake through Jurich Murray Holdings LLC, totaling 1,600,000 shares.
Earlier, on February 28, Jurich acquired 12,355 shares at no cost upon the vesting of performance-based restricted stock units, as certain performance criteria were met and certified. This acquisition increased her direct holdings prior to the recent sale.
Sunrun, headquartered in San Francisco, is a leading provider of residential solar electricity and other energy services. With a market capitalization of $1.4 billion, the company operates with significant debt levels and faces cash flow challenges, according to InvestingPro analysis, which identifies 15 additional key factors affecting the company’s outlook.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, significantly exceeding analysts’ expectations with an earnings per share (EPS) of $1.41, compared to the anticipated loss of $0.27. However, the company’s revenue fell short of forecasts, coming in at $518.5 million against the expected $544.85 million. Deutsche Bank (ETR:DBKGn) maintained a Buy rating for Sunrun, setting a price target of $10.50, acknowledging the company’s adeptness in navigating industry challenges and producing positive cash flow for three consecutive quarters in 2024. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its price target for Sunrun to $15.00 from $18.00, while maintaining an Outperform rating, citing increased competition and rising costs as factors influencing the revised guidance for 2025. Sunrun has strategically extended its corporate debt maturities to 2030 and secured $7 billion in capital during 2024, enhancing its financial stability. The company has also expanded its dealer network following the bankruptcy of competitor Sunpower and anticipates further growth opportunities in 2025. Sunrun’s leadership in the renewable energy sector is emphasized by its focus on storage solutions and solar subscriptions, with expectations of continued customer attraction due to the rising demand for sustainable energy sources.
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