Sunrun's chief legal & people officer sells shares worth $22,491

SAN FRANCISCO—Sunrun Inc. (NASDAQ:RUN) Chief Legal & People Officer Jeanna Steele has sold 2,012 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $11.1786, totaling approximately $22,491.

The transaction, which took place on January 6, 2025, was executed to cover tax obligations from the settlement of vested restricted stock units, as noted in the filing. Following this sale, Steele retains direct ownership of 301,389 shares, including 150,896 restricted stock units that remain subject to forfeiture until they vest.

The sale price of the shares ranged between $11.125 and $11.245 per share. Further details on the number of shares sold at each specific price within this range can be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.

This transaction highlights the ongoing management of equity holdings by Sunrun (NASDAQ:RUN)'s executives amidst the company's operations in the renewable energy sector.

In other recent news, Sunrun, a leader in the clean energy sector, experienced a series of significant developments. Clear Street adjusted Sunrun's stock price target from $25 to $23, maintaining an optimistic outlook despite external uncertainties. Additionally, Sunrun announced a reshuffling of its board of directors with the departure of Gerald Risk and the appointment of John Trinta as the new Audit Committee Chair.

Analysts from TD Cowen, Piper Sandler, Truist Securities, and BMO Capital Markets have also adjusted their outlook on Sunrun. TD Cowen initiated coverage with a Buy rating, while the others voiced concerns about cash generation capabilities and policy risks.

In terms of performance, Sunrun's third-quarter results showed robust growth, with annual recurring revenue surpassing $1.5 billion, a 22% increase from the previous year, and a record number of storage installations. The company also installed 336 megawatt-hours of storage, a 92% increase over the prior year. In the coming periods, Sunrun projects cash generation of $50 to $125 million in the next quarter and $350 to $600 million in 2025. The company also anticipates installing 320 to 350 megawatt-hours of storage and 240 to 250 megawatts of solar capacity. These are some of the recent developments shaping Sunrun's trajectory.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.