Sunrun Inc. ($RUN) Stock Forecast: Up 10.7% Today

What is Sunrun Inc.?

Sunrun Inc. (RUN) is a leading provider of residential solar energy solutions in the United States. The company offers solar panels, battery storage, and energy management services to homeowners looking to reduce their carbon footprint and energy costs.

Why is Sunrun Inc. going up?

RUN stock is up 10.7% on Sep 11, 2024 15:41

• 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.

RUN Price Chart

RUN News

Enphase, SolarEdge, Sunrun Eye Double-Digit Growth As Solar Market Rebounds On Kamala Harris Election Odds - Invesco Solar ETF ( ARCA:TAN ) , Enphase Energy ( NASDAQ:ENPH ) , SolarEdge Technologies ( NASDAQ:SEDG ) , Sunnova Energy Intl ( NYSE:NOVA )

As Vice President Kamala Harris' odds improve ahead of the 2024 presidential election, observers expect a promising rebound in the U.S. residential solar market.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816556/enphase-solaredge-sunrun-eye-double-digit-growth-as-solar-market-rebounds-on-kamala

Vistra Teams Up With Sunrun On Battery Aggregation Program For Texans

( RTTNews ) - Vistra Corp. ( VST ) , Wednesday announced a collaboration with Sunrun Inc. ( RUN ) to introduce the TXU Energy and Sunrun Battery Rewards program for supporting grid reliability in Texas by aggregating power from residential solar-connected batteries.

https://markets.businessinsider.com/news/stocks/vistra-teams-up-with-sunrun-on-battery-aggregation-program-for-texans-1033764550

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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.

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.

07.07.2024 - RUN Stock was up 11.6%

• Sunrun reported second-quarter revenue of $523.866 million, exceeding analyst expectations.
• Sunrun's stock price saw a positive impact following the announcement of a partnership with Tesla to support the Texas power grid.
• Analysts have adjusted their forecasts on Sunrun, with Piper Sandler raising the shares target, indicating confidence in the company's recent performance and future outlook.
• Despite potential political risks surrounding the upcoming U.S. presidential election, market sentiment towards Sunrun remains optimistic due to the company's proactive approach to market opportunities and strong cash generation, resulting in a significant increase in its stock price.

07.07.2024 - RUN Stock was up 14.3%

• An increased target price and positive outlook on Sunrun's stock have likely contributed to the bullish movement, indicating growing confidence in the company's performance and future prospects.
• The strong Q2 earnings and revenue surpassing estimates suggest that Sunrun is effectively capitalizing on its market position and operational efficiency, further boosting investor sentiment.
• The after-hours surge in Sunrun's stock following the second-quarter financial results and partnership announcement with Tesla's subsidiary reflects positive market reception towards the company's strategic moves and growth potential.
• The upcoming U.S. presidential election and the associated political uncertainty may have influenced investors to seek out stable and promising stocks like Sunrun, leading to increased interest and investment in the company.

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.

02.07.2024 - RUN Stock was down 5.2%

• The bearish movement in Sunrun's stock today could be attributed to profit-taking by investors after a period of bullish activity.
• Despite the negative movement, the launch of the nation's first vehicle-to-home power plant in collaboration with Ford showcases Sunrun's innovative approach to revolutionizing the grid, which could have long-term positive implications for the company.
• The upcoming earnings release, with expectations of beating estimates, might have influenced investor sentiment, leading to a mixed outlook for the stock in the short term.

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.