Sunrun Inc. ($RUN) Stock Forecast: Down 12.9% Today

What is Sunrun Inc.?

Sunrun (RUN) is a company specializing in solar and storage installations. The stock saw a significant drop today due to the following reasons:

Why is Sunrun Inc. going down?

RUN stock is down 12.9% on Nov 8, 2024 15:01

• Sunrun reported a Q3 loss and fell short of revenue expectations, disappointing investors.
• The stock tumbled by 28% after the election of the new U.S. president, reflecting market uncertainty and potential policy changes affecting the renewable energy industry.
• Although analysts projected a 33.29% upside for Sunrun, major financial firms took a bearish stance on the stock, with half displaying negative sentiment in options trading.
• Despite expectations of a strong Q3 earnings report indicating positive trends in solar and storage installations, higher interest expenses overshadowed the results, contributing to the stock's decline.

RUN Price Chart

RUN Technical Analysis

RUN News

Sunrun ( RUN ) Reports Q3 Loss, Lags Revenue Estimates

Sunrun (RUN) delivered earnings and revenue surprises of -131.25% and 4.18%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366805/sunrun-run-reports-q3-loss-lags-revenue-estimates

Why Sunrun ( RUN ) Stock Is Getting Hammered - Sunrun ( NASDAQ:RUN )

Sunrun Inc RUN shares are trading lower by 28% to $12.18 during Wednesday's session in early trading on Wednesday following the election of Donald Trump as the 47th U.S. president.

https://www.benzinga.com/news/24/11/41779038/why-sunrun-run-stock-is-getting-hammered

Wall Street Analysts Predict a 33.29% Upside in Sunrun ( RUN ) : Here's What You Should Know

The consensus price target hints at a 33.3% upside potential for Sunrun (RUN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

https://www.zacks.com/stock/news/2365313/wall-street-analysts-predict-a-3329-upside-in-sunrun-run-heres-what-you-should-know

This Is What Whales Are Betting On Sunrun - Sunrun ( NASDAQ:RUN )

Financial giants have made a conspicuous bearish move on Sunrun. Our analysis of options history for Sunrun RUN revealed 20 unusual trades. Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/11/41754864/this-is-what-whales-are-betting-on-sunrun

Sunrun to Report Q3 Earnings: Here's What You Need to Know

RUN's third-quarter 2024 results are likely to reflect the benefits of solid solar and storage installation trends amid the adverse impacts of higher interest expenses.

https://www.zacks.com/stock/news/2363056/sunrun-to-report-q3-earnings-heres-what-you-need-to-know

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Sunrun Inc. Price History

01.10.2024 - RUN Stock was up 6.7%

• Sunrun is expected to beat earnings estimates, likely contributing to the bullish market movement.
• The appointment of John Trinta, former CEO of Deloitte Financial Advisory Services, to the board of directors may have instilled confidence in investors.
• Discussions of Sunrun supplying solar power to data centers could have also fueled investor optimism about the company's growth prospects.

08.10.2024 - RUN Stock was down 12.9%

• Sunrun reported a Q3 loss and fell short of revenue expectations, disappointing investors.
• The stock tumbled by 28% after the election of the new U.S. president, reflecting market uncertainty and potential policy changes affecting the renewable energy industry.
• Although analysts projected a 33.29% upside for Sunrun, major financial firms took a bearish stance on the stock, with half displaying negative sentiment in options trading.
• Despite expectations of a strong Q3 earnings report indicating positive trends in solar and storage installations, higher interest expenses overshadowed the results, contributing to the stock's decline.

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.

06.10.2024 - RUN Stock was down 27.3%

• The election of Donald Trump as the 47th U.S. president resulted in a 28% drop in Sunrun's stock during early trading.
• Despite analysts projecting a 33.29% upside potential for Sunrun, the stock faced strong bearish sentiment from financial institutions, with 50% of traders showing bearish tendencies.
• The upcoming Q3 earnings for Sunrun were anticipated to showcase robust solar and storage installation trends, but the bearish movement was likely influenced by higher interest expenses.
• Although Sunrun was expected to surpass earnings estimates, a combination of market conditions and investor sentiment led to a substantial decrease in the stock price.

10.09.2024 - RUN Stock was down 5.4%

• Despite outpacing the stock market in the previous trading day, Sunrun (RUN) experienced a significant dip today, underperforming the broader market.
• The bearish movement in Sunrun's stock price could be attributed to profit-taking by investors after a recent uptrend in the stock.
• Additionally, concerns about rising interest rates impacting the renewable energy sector may have also contributed to the decline in Sunrun's stock price.
• Investors might be closely monitoring the company's upcoming earnings report and guidance to assess its future growth prospects in the competitive renewable energy market.

21.09.2024 - RUN Stock was down 5.1%

• The bearish movement in Sunrun's stock could be due to profit-taking by investors after a recent bullish run.
• Despite lagging the market, Sunrun's overall performance suggests potential for future growth.
• Investors may have responded to market volatility, resulting in a temporary dip in Sunrun's stock price.
• Monitoring Sunrun's performance closely is crucial for traders to leverage potential buying opportunities during market fluctuations.

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.

29.09.2024 - RUN Stock was down 11.4%

• Despite recent positive developments such as partnerships and expansion into providing solar power to data centers, Sunrun's stock experienced a bearish movement.
• The stock's downturn may be influenced by broader economic conditions or sector-specific challenges within the renewable energy industry.
• Investor concerns about potential competition and regulatory changes impacting Sunrun's growth prospects may have contributed to the negative market reaction.
• Profit-taking and technical factors could also be factors affecting the bearish movement in Sunrun's stock price.

20.08.2024 - RUN Stock was down 5.3%

• CEO Mary Powell's recognition by Forbes showcases the company's commitment to clean energy solutions.
• A slight decrease of -0.05% in the stock value could be due to profit-taking post a recent price surge.
• Crossing the 20-day moving average might indicate a short-term bullish trend, though bearish options activity suggests investor caution.
• Sunrun's successful pricing of a $365 million securitization reflects investor trust in the business model amid bearish options trading sentiment.

01.09.2024 - RUN Stock was down 5.5%

• Despite the overall bullish market, Sunrun (RUN) experienced a bearish movement, closing at $18.92 with a -0.05% change from its previous close.
• The slight decline in Sunrun's stock price could be attributed to profit-taking by investors after a period of growth.
• It's possible that some investors are cautious about the renewable energy sector in the current economic climate, leading to the bearish movement in Sunrun's stock.
• However, the long-term prospects for Sunrun remain positive as the demand for clean energy solutions continues to grow globally.

25.09.2024 - RUN Stock was up 5.2%

• Sunrun announced a partnership with Orange and Rockland Utilities to build and operate New York's largest residential power plant, showcasing the company's commitment to expanding its clean energy services.
• Despite lagging the overall market performance slightly, Sunrun's stock price closed higher, indicating positive investor sentiment towards the company's growth prospects in the renewable energy sector.
• The news of the partnership and the company's resilience in a volatile market could have contributed to the bullish movement in Sunrun's stock today. Investors may view Sunrun as a promising player in the sustainable energy industry, driving up demand for the stock.

04.10.2024 - RUN Stock was up 5.1%

• Sunrun is expected to beat earnings estimates in its upcoming report, which has likely contributed to the bullish movement.
• The appointment of John Trinta, a former CEO of Deloitte Financial Advisory Services, to Sunrun's board of directors may have instilled confidence in investors, leading to the positive market sentiment.
• The solid solar and storage installation trends amidst higher interest expenses are anticipated to benefit Sunrun's third-quarter results, further supporting the bullish movement.