Sunrun’s president and chief revenue officer sells $10,919 in stock

Paul S. Dickson, President and Chief Revenue Officer of Sunrun Inc . (NASDAQ:RUN), recently sold a portion of his shares in the company, according to a filing with the Securities and Exchange Commission. The transaction comes as Sunrun faces significant challenges, with InvestingPro data showing the stock has declined over 62% in the past six months and currently trades at $7.16, near its 52-week low of $5.93. On March 6, Dickson sold 1,642 shares of Sunrun common stock at an average price of approximately $6.65 per share, resulting in a total transaction value of $10,919. This sale was conducted to cover tax obligations arising from the settlement of vested restricted stock units. The company, currently valued at $1.62 billion, operates with a significant debt burden and faces cash flow challenges, according to InvestingPro analysis, which offers 12 additional key insights about Sunrun’s financial health.

Following this transaction, Dickson retains ownership of 419,072 shares, which includes 261,306 restricted stock units that remain subject to forfeiture until they vest. The sale price for the shares ranged between $6.59 and $6.745 per share. While analysts expect Sunrun to return to profitability this year, the company’s current financial metrics indicate significant volatility, as detailed in the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, significantly surpassing analysts’ expectations with an earnings per share (EPS) of $1.41, compared to the anticipated loss of $0.27. However, revenue came in slightly below expectations at $518.5 million versus the forecasted $544.85 million. Deutsche Bank (ETR:DBKGn) maintained its Buy rating for Sunrun, with a price target of $10.50, citing the company’s effective management of industry challenges and positive cash generation 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, highlighting the company’s strong position in energy storage and solar subscriptions.

Sunrun generated $34 million in cash during the fourth quarter, which included an $18 million safe-harbor purchase. The company also expanded its customer base to 1 million, with 889,000 subscribers, and reported an annual recurring revenue of over $1.6 billion, a 23% year-over-year increase. Sunrun’s strategic focus on storage-first solutions and high-value markets has been a key factor in its robust financial performance. Despite challenges such as increased competition and rising capital costs, Sunrun’s leadership in the renewable energy sector remains strong, with plans to continue cash generation between $200 million and $500 million in 2025.

The company secured $7 billion in capital in 2024 and extended its corporate debt maturities, with the next debt due in 2030. Sunrun’s management team has been recognized for its efficiency in dealing with industry challenges, and the company is poised to benefit from potential market disruptions among peers. As Sunrun prepares to report its first-quarter results of 2025 in early May, investors will be closely monitoring its performance and strategic direction.

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