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Paul S. Dickson, President and Chief Revenue Officer of Sunrun Inc . (NASDAQ:RUN), recently sold 1,068 shares of the company’s common stock. The transaction, which took place on March 3, fetched a total of $6,792, with the sale price averaging $6.36 per share - notably close to the stock’s 52-week low of $5.93. This sale was made to cover tax obligations arising from the settlement of vested restricted stock units. The stock has faced significant headwinds, declining over 65% in the past six months. According to InvestingPro analysis, Sunrun currently appears undervalued based on its Fair Value estimates.
In a separate transaction on February 28, Dickson acquired 3,290 shares of Sunrun’s common stock at no cost. These shares were issued following the certification of performance criteria related to performance-based restricted stock units granted in December 2021. After these transactions, Dickson holds 420,714 shares directly, including 266,773 restricted stock units subject to vesting conditions. With a market capitalization of $1.4 billion and significant debt levels, Sunrun faces some financial challenges. Unlock comprehensive insights and 15 additional key ProTips with InvestingPro’s detailed research report.
In other recent news, Sunrun reported a significant earnings beat for the fourth quarter of 2024, with an earnings per share of $1.41, surpassing the expected loss of $0.27. Despite this, the company’s revenue came in below expectations at $518.5 million compared to the forecasted $544.85 million. Sunrun has demonstrated strong cash generation, achieving positive cash flow for three consecutive quarters, and expanded its customer base to 1 million, including 889,000 subscribers. Deutsche Bank (ETR:DBKGn) reiterated its Buy rating for Sunrun, maintaining a price target of $10.50, while noting the company’s effective navigation of industry challenges. Meanwhile, Mizuho (NYSE:MFG) Securities adjusted its price target for Sunrun to $15.00 from $18.00, maintaining an Outperform rating. Mizuho cited Sunrun’s leadership in energy storage and solar subscriptions as key strengths. Additionally, Sunrun has taken strategic financial steps, including securing $7 billion in capital and extending corporate debt maturities to 2030. These recent developments highlight Sunrun’s focus on financial discipline and strategic growth in the renewable energy sector.
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