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SAN FRANCISCO— Sunrun Inc . (NASDAQ:RUN) President and Chief Revenue Officer, Paul S. Dickson, recently sold 19,343 shares of the company's common stock. The transaction, disclosed in a Form 4 filing with the Securities and Exchange Commission, took place on April 7, 2025. The sale comes as Sunrun's stock trades near its 52-week low of $5.54, having declined over 52% in the past year.
The shares were sold at a weighted average price of $6.7445, within a range of $6.585 to $6.995 per share, generating a total of $130,458. This sale was conducted to cover tax obligations resulting from the settlement of vested restricted stock units, as noted in the filing. According to InvestingPro analysis, Sunrun currently trades below its Fair Value, with 17 key insights available to subscribers about the company's financial health and market position.
Following the transaction, Dickson retains direct ownership of 399,729 shares in Sunrun, including 211,321 restricted stock units that remain subject to vesting conditions. With the company's next earnings report scheduled for April 30, 2025, InvestingPro data shows that four analysts have recently revised their earnings estimates upward, though the company faces challenges with significant debt levels and cash burn rates.
In other recent news, Sunrun Inc. reported its fourth-quarter 2024 earnings, delivering an impressive earnings per share of $1.41, far exceeding the anticipated loss of $0.27. However, the company's revenue fell short of expectations, coming in at $518.5 million against a forecast of $544.85 million. Deutsche Bank (ETR:DBKGn) has maintained its Buy rating on Sunrun, setting a price target of $10.50, while Jefferies downgraded the stock from Buy to Hold, reducing the price target to $8 due to concerns about the residential solar market and uncertainties surrounding the Inflation Reduction Act. Mizuho (NYSE:MFG) Securities also adjusted its outlook, reducing the price target to $15 but maintaining an Outperform rating, citing Sunrun's strong position in energy storage and solar subscriptions.
Additionally, Sunrun announced the resignation of Manjula Talreja from its board of directors, a move that led to a reduction in the board's size from nine to eight members. The company expressed appreciation for her contributions, emphasizing that her departure was not due to disagreements with Sunrun's operations or leadership. Sunrun continues to navigate industry challenges effectively, with strategic financial moves such as extending corporate debt maturities and securing significant capital.
Despite the competitive and regulatory pressures, Sunrun's strategic focus on high-value markets and storage solutions has positioned it as a leader in the residential solar and storage sector. The company anticipates continued positive cash generation throughout 2025, with plans to pay down $100 million in recourse debt, reflecting its commitment to financial discipline and growth.
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