Summary by Moomoo AI
On September 30, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G with the Securities and Exchange Commission (SEC), disclosing an 18.9% ownership stake in Sunrun Inc., a company specializing in residential solar panel installations. The filing, which is the eighth amendment, indicates that BlackRock has beneficial ownership of 42,260,731 shares of Sunrun's common stock. This position grants BlackRock sole voting power over 41,883,708 shares and sole dispositive power over the entire 42,260,731 shares. The filing also notes that iShares Core S&P Small-Cap ETF, a BlackRock entity, holds more than 5% of Sunrun's total outstanding common stock. The Schedule 13G/A filing is a regulatory requirement for entities owning more than 5% of a company's stock and is not intended to influence control of the issuer. The document was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., on November 12, 2024.
