Sunrun Inc . (NASDAQ:RUN) has reported a recent transaction by one of its top executives. Paul S. Dickson, the company's Chief Revenue Officer, sold a total of 14,945 shares of common stock on April 8, 2024. The shares were sold at a weighted average price of $12.074, with the sale price ranging from $11.905 to $12.235 per share. The total value of the shares sold amounted to approximately $180,445.
The sale was conducted to cover the tax obligations arising from the settlement of vested restricted stock units, as indicated in the footnotes of the filing. Following this transaction, Dickson still holds 283,772 shares of Sunrun Inc. directly, which demonstrates continued investment in the company.
In a separate transaction on April 10, 2024, Dickson acquired 163,741 shares in the form of restricted stock units at no cost. These units are scheduled to vest in increments, with 25% vesting on April 6, 2025, and the remainder vesting quarterly thereafter, as long as Dickson remains in service with the company. After this acquisition, Dickson's total direct holdings in the company increased to 447,513 shares, which includes 310,318 restricted stock units that are subject to forfeiture until they vest.
Investors often monitor insider transactions as they can provide insights into executives' confidence in their company's prospects. Sunrun Inc., a leader in the residential solar industry, continues to engage in activities that shape its executive team's stake in the company's future.
InvestingPro Insights
As Sunrun Inc. (NASDAQ:RUN) navigates the complex landscape of the residential solar market, the company's financial health and stock performance offer critical insights for investors. According to the latest data from InvestingPro, Sunrun Inc. is currently grappling with a challenging financial situation. The company's market capitalization stands at $2.7 billion, and it has been operating with a negative P/E ratio of -2.76 over the last twelve months as of Q4 2023, signaling that it has not been profitable during this period.
Moreover, the company's stock price has experienced a significant decline of approximately 24.67% over the past three months. This volatility is reflected in the InvestingPro Tips, which highlight the company's high price volatility and the fact that analysts do not anticipate Sunrun will be profitable this year. The Price / Book multiple of 0.52 suggests that the stock is trading at a low valuation compared to the company's book value, which could be of interest to value investors.
Despite these challenges, the company maintains a gross profit margin of 7.22%, as per the last twelve months of Q4 2023 data. However, with a substantial decline in revenue growth of -15.2% in Q4 2023, and a significant operating income margin deficit of -36.31%, Sunrun's financial stability appears to be under pressure. An InvestingPro Tip also indicates that Sunrun operates with a significant debt burden, which could be a concern for its ability to make interest payments on its debt.
For investors seeking to delve deeper into Sunrun's financials and future outlook, additional InvestingPro Tips are available, including insights on cash burn and analysts' earnings revisions. To access these insights and more, visit InvestingPro for an in-depth analysis. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. In total, there are 14 additional InvestingPro Tips available that can further inform investment decisions regarding Sunrun Inc.
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