Sunrun director Jurich sells $470,899 in inventory

SAN FRANCISCO—Lynn Michelle Jurich, a director at Sunrun Inc . (NASDAQ:RUN), offered 50,000 shares of the corporate’s frequent inventory, in line with a regulatory submitting. The transaction, executed on December 19, 2024, was carried out underneath a pre-arranged buying and selling plan adopted earlier this 12 months. The shares have been offered at a weighted common worth of $9.418, with sale costs starting from $9.25 to $9.60 per share, totaling roughly $470,899.

Following the sale, Jurich retains direct possession of 1,041,753 shares, which incorporates 8,707 restricted inventory models topic to vesting circumstances. Moreover, Jurich not directly holds 1,600,000 shares via Jurich Murray Holdings LLC. The submitting underscores Jurich’s continued substantial stake within the firm even after the transaction.

In different latest information, residential photo voltaic market participant, Sunrun, has been the topic of assorted analyst changes. TD Cowen initiated protection on the corporate’s inventory, setting a Purchase score and expressing confidence in Sunrun’s money technology targets. Nevertheless, Piper Sandler, Truist Securities, and BMO Capital Markets adjusted their stances, downgrading their rankings or lowering their worth targets resulting from issues about Sunrun’s money technology capabilities and potential coverage dangers.

Sunrun demonstrated sturdy efficiency within the third quarter, attaining a milestone of 1 million prospects and a file variety of storage installations. The corporate’s annual recurring income surpassed $1.5 billion, marking a 22% enhance from the earlier 12 months. Sunrun additionally put in 336 megawatt hours of storage, a 92% enhance over the earlier 12 months.

Trying forward, Sunrun initiatives money technology of $50 to $125 million within the subsequent quarter and $350 to $600 million in 2025. The corporate additionally anticipates putting in 320 to 350 megawatt-hours of storage and 240 to 250 megawatts of photo voltaic capability. These latest developments spotlight Sunrun’s continued deal with development and profitability.

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