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Jeanna Steele, Sunrun Inc .'s (NASDAQ:RUN) Chief Legal & People Officer, recently sold 9,942 shares of the company’s common stock. The shares were sold at a weighted average price of $6.7427, with the sale prices ranging from $6.595 to $7.00 per share, totaling approximately $67,035.
Following this transaction, Steele retains ownership of 291,238 shares, which includes 119,708 restricted stock units that remain subject to forfeiture until they vest. The shares were sold to cover tax obligations arising from the settlement of vested restricted stock units. For comprehensive insights into Sunrun's financial health and detailed analysis, including 17 additional ProTips and Fair Value estimates, check out the full research report available on InvestingPro.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, exceeding analyst 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 its Buy rating on Sunrun, with a price target of $10.50, highlighting the company's ability to navigate industry challenges and generate positive cash flow. Meanwhile, Jefferies downgraded Sunrun from Buy to Hold, reducing the price target to $8, citing uncertainties in the residential solar market and the Inflation Reduction Act as primary concerns. Mizuho (NYSE:MFG) Securities also lowered Sunrun's price target from $18 to $15, but kept an Outperform rating, emphasizing the company's strong position in energy storage and solar subscriptions. In corporate governance news, Sunrun announced the resignation of Manjula Talreja from its board of directors, with the board size subsequently reduced from nine to eight members. These developments reflect the ongoing adjustments and strategic decisions within Sunrun as it addresses market challenges and opportunities.
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