SAN FRANCISCO – Lynn Michelle Jurich, director at Sunrun Inc . (NASDAQ:), sold 50,000 shares of the company's stock, according to a regulatory filing. The transaction occurred on December 19, 2024 as part of a pre-agreed trading plan established earlier this year. The shares were sold at a weighted average price of $9,418, with sales prices ranging from $9.25 to $9.60 per share. The total proceeds are around $470,899.
Following the statement, Jurich retains a direct interest of 1,041,753 shares, including 8,707 restricted stock units, which are still subject to vesting conditions. Additionally, Jurich indirectly holds 1,600,000 shares through Jurich Murray Holdings LLC. The announcement underlines that Jurich continues to hold a significant stake in the company even after the transaction.
In other recent developments, Sunrun, a leading provider of residential solar systems, has been the subject of various analyst reviews. TD Cowen began monitoring the stock and assigned a Buy rating, highlighting confidence in Sunrun's cash generation targets. Piper Sandler, Truist Securities and BMO Capital Markets, on the other hand, adjusted their assessments by downgrading their ratings or lowering their price targets. This was justified in consideration of Sunrun's ability to generate cash and possible regulatory risks.
Sunrun posted strong performance in the third quarter, reaching the 1 million customer milestone and a record number of storage installations. The company's annual recurring revenue exceeded $1.5 billion, up 22% year-over-year. Sunrun also installed 336 megawatt-hours of storage capacity, a 92% increase compared to last year.
Looking forward, Sunrun forecasts cash generation of $50 million to $125 million next quarter and $350 million to $600 million in 2025. The company also plans to install 320 to 350 megawatt hours of storage capacity and 240 to 250 megawatts of solar capacity . These recent developments underscore Sunrun's continued focus on growth and profitability in a dynamically evolving renewable energy market.
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