Sunrun Inc. ($RUN) Stock Forecast: Down 5.6% Today

What is Sunrun Inc.?

Sunrun (RUN) is a prominent provider of clean energy as a subscription service. The stock exhibited bearish movement in today's market.

Why is Sunrun Inc. going down?

RUN stock is down 5.6% on Sep 19, 2024 17:49

• Sunrun's stock experienced a bearish movement of -0.05% today, potentially influenced by profit-taking post a recent breakout above the 20-day moving average.
• A $365 million senior securitization of residential solar and battery systems could not fully counter the bearish sentiment prevailing in the market.
• Unusual options activity suggesting a bearish outlook on Sunrun might have contributed to selling pressure on the stock.
• Despite a broader rally in solar stocks post the presidential debate, Sunrun's stock did not see significant upward movement, possibly indicating investor caution regarding the company's individual performance.

RUN Price Chart

RUN News

Sunrun ( RUN ) Stock Moves -0.05%: What You Should Know

The latest trading day saw Sunrun (RUN) settling at $20.30, representing a -0.05% change from its previous close.

https://www.zacks.com/stock/news/2338237/sunrun-run-stock-moves--005-what-you-should-know

Sunrun ( RUN ) Recently Broke Out Above the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

https://www.zacks.com/stock/news/2337780/sunrun-run-recently-broke-out-above-the-20-day-moving-average

Sunrun Prices $365 million Senior Securitization of Residential Solar & Battery Systems

SAN FRANCISCO, Sept. 17, 2024 ( GLOBE NEWSWIRE ) -- Sunrun ( Nasdaq: RUN ) , the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements.

https://www.globenewswire.com/news-release/2024/09/17/2947891/0/en/Sunrun-Prices-365-million-Senior-Securitization-of-Residential-Solar-Battery-Systems.html

Sunrun Unusual Options Activity For September 17 - Sunrun ( NASDAQ:RUN )

Investors with a lot of money to spend have taken a bearish stance on Sunrun RUN. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/09/40904400/sunrun-unusual-options-activity-for-september-17

Solar Stocks Rally After Presidential Debate: Should Investors Chase?

Solar stocks have seen quite a rebound this week following Tuesday's presidential debate in which democratic nominee Kamala Harris emphasized building out alternative energy assets.

https://www.zacks.com/stock/news/2336119/solar-stocks-rally-after-presidential-debate-should-investors-chase

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Sunrun Inc. Price History

20.07.2024 - RUN Stock was down 5.1%

• Sunrun has achieved surpassing 1 million residential solar customers and saving $1.3 billion in energy costs, highlighting its leadership in the clean energy sector.
• Despite the positive milestones, the stock witnessed a bearish movement, potentially influenced by profit-taking following a recent 69% stock rally. Reasons behind the surge have been questioned.
• Unusual options activity displaying a bullish outlook on Sunrun suggests conflicting investor sentiments, further contributing to the stock's volatility.
• The bearish market movement of Sunrun today could be attributed to profit-taking, uncertainties surrounding the stock rally, and mixed investor sentiment, despite the company's robust growth in the clean energy industry.

23.07.2024 - RUN Stock was up 5.7%

• The decrease in short interest indicates reduced bearish sentiment towards Sunrun, potentially contributing to the bullish movement.
• The news of a director selling over $180k in company stock might have initially raised concerns, but it seems to have been overshadowed by the milestone of surpassing 1 million residential solar customers.
• Sunrun's achievement of reaching 1 million customers and saving $1.3B in energy costs likely boosted investor confidence and drove the stock price higher.
• Being positioned as a key player in clean energy and distributed power provision could have attracted more investors, leading to the positive market movement for Sunrun today.

03.08.2024 - RUN Stock was down 6.0%

• The average brokerage recommendation (ABR) suggests buying Sunrun (RUN) stock, indicating optimism among Wall Street bulls. However, this metric may be overly positive at times.
• On the other hand, deep-pocketed investors have taken a bearish stance on Sunrun (RUN) options, signaling a more cautious approach towards the stock.
• The conflicting sentiments from different investor groups could have contributed to the bearish movement in Sunrun's stock today, as market players weigh the optimistic outlook against the bearish options activity.

11.08.2024 - RUN Stock was up 10.7%

• The bullish movement in Sunrun's stock today can be attributed to the positive outlook for the U.S. residential solar market, driven by Vice President Kamala Harris' improving odds for the 2024 presidential election.
• The collaboration between Vistra Corp. and Sunrun to introduce the TXU Energy and Sunrun Battery Rewards program in Texas likely boosted investor confidence in Sunrun's growth prospects and market expansion.
• The overall sentiment surrounding the solar energy sector, as indicated by the double-digit growth expectations for companies like Enphase Energy and SolarEdge Technologies, also contributed to the bullish trend in Sunrun's stock.

17.08.2024 - RUN Stock was up 5.2%

• Solar stocks, including Sunrun, surged after a notable political event where alternative energy assets were underlined by political figures, instilling confidence in investors within the sector.
• Despite a marginal drop in Sunrun's stock value, the general market sentiment towards solar firms remains optimistic, anchored in projections of strong growth and market recovery.
• The partnership between Vistra Corp. and Sunrun to launch a battery aggregation initiative in Texas underscores the company's dedication to bolstering grid dependability and broadening its footprint in the market.
• The increased possibilities of Vice President Kamala Harris winning the 2024 presidential election are also viewed as a favorable factor for the residential solar market, further fueling positivity in Sunrun's outlook.

19.08.2024 - RUN Stock was down 5.6%

• Sunrun's stock experienced a bearish movement of -0.05% today, potentially influenced by profit-taking post a recent breakout above the 20-day moving average.
• A $365 million senior securitization of residential solar and battery systems could not fully counter the bearish sentiment prevailing in the market.
• Unusual options activity suggesting a bearish outlook on Sunrun might have contributed to selling pressure on the stock.
• Despite a broader rally in solar stocks post the presidential debate, Sunrun's stock did not see significant upward movement, possibly indicating investor caution regarding the company's individual performance.

18.08.2024 - RUN Stock was up 6.4%

• Sunrun's stock made a notable move above the 20-day moving average, indicating positive momentum for investors.
• A $365 million senior securitization of residential solar and battery systems by Sunrun reflects confidence in the company's future growth potential.
• Despite some unusual bearish options trading, the sentiment towards solar stocks, including Sunrun, has been favorable post a recent event focusing on alternative energy assets.
• The slight dip in Sunrun's stock price amid a broader market uptrend could be due to profit-taking after recent gains, presenting a possible buying opportunity for investors optimistic about the clean energy sector.

07.07.2024 - RUN Stock was up 10.6%

• Sunrun's (RUN) stock showed a significant 17% increase in today's trading session.
• The notable upsurge in the stock price is linked to the company outperforming second-quarter financial projections and its collaboration with Tesla to bolster Texas's power grid.
• The Q2 2024 earnings report revealed a marked beat, with diluted earnings per share of 55 cents, surpassing the estimated -40 cents.
• Additionally, Sunrun exceeded revenue expectations for the quarter, highlighting its robust performance and growth prospects within the solar energy sector.

13.07.2024 - RUN Stock was up 9.7%

• Sunrun Inc.'s stock rallied by 54%, driven by positive market sentiment and technical indicators.
• The legal officer selling over $460k in company stock might have initially raised concerns, but the market seemed to overlook this event.
• Crossing above the 20-day moving average signaled a short-term bullish trend, attracting investors' attention.
• Despite some investors taking a bearish stance on Sunrun's options, the overall market sentiment and technical analysis favored the bullish movement of the stock.

09.07.2024 - RUN Stock was down 6.8%

• The stock experienced a bearish movement despite crossing above the 20-day moving average, indicating a short-term bullish trend.
• Investor sentiment in the options market may have contributed to the downward pressure on the stock.
• Despite strong Q2 results and cash generation, Sunrun's premium valuation could be prompting some investors to take profits, leading to the bearish movement.
• Market sentiment towards Sunrun appears mixed, with technical indicators pointing to a short-term bullish trend, while options market activity and valuation concerns may have fueled the bearish movement observed today.

13.07.2024 - RUN Stock was up 6.2%

• The bullish movement in Sunrun's stock today can be attributed to a combination of technical factors and investor sentiment:
• The stock crossing above the 20-day moving average likely triggered buying interest from technical traders, signaling a short-term bullish trend.
• Despite the legal officer selling a significant amount of company stock, investors may have been encouraged by this move as it could indicate confidence in the company's future performance.
• The bearish stance taken by some investors in the options market may have created a short squeeze scenario, leading to increased buying pressure and driving the stock price higher.
• Overall, while market uncertainties and potential tech selloffs loom, Sunrun's recent technical strength and investor actions have contributed to its bullish movement today.

15.07.2024 - RUN Stock was up 5.1%

• Sunrun (RUN) witnessed a significant surge of 54% in its stock price today, demonstrating a robust bullish trend.
• Recent trading activities reveal a bullish sentiment among investors, particularly those with substantial financial resources, as indicated by notable options trading on Sunrun.
• The solar industry, which includes Sunrun, has been impacted by elevated interest rates. However, the potential reduction in interest rates could offer a positive outlook for these companies.
• Despite obstacles such as high-interest rates and regulatory adjustments, the current downturn in solar stocks, including Sunrun, presents an opportunity for investors seeking to leverage a potential sector recovery.