Shares of Sunrun Inc (RUN, Financial) fell 3.66% in mid-day trading on Oct 2. The stock reached an intraday low of $16.70, before recovering slightly to $16.86, down from its previous close of $17.50.
The latest trading day saw Sunrun (RUN) settling at $18.92, representing a +0.05% change from its previous close.
Sunrun (RUN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, RUN broke through the 20-day moving average, which suggests a short-term bullish trend.
In the closing of the recent trading day, Sunrun (RUN) stood at $18.80, denoting a -1.85% change from the preceding trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Sunrun (RUN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
From a technical perspective, Sunrun (RUN) is looking like an interesting pick, as it just reached a key level of support. RUN recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Investors may continue to hold Sunrun (RUN) in their portfolio, considering the company's stellar share price performance and impressive Q2 results despite its premium valuation.
Sunrun Inc (NASDAQ: RUN) is up more than 15% on Wednesday after rival SunPower Corporation (NASDAQ: SPWR) filed for bankruptcy following months of struggles related to higher interest rates. SPWR recently faced allegations of financial misconduct which contributed to GLJ Research calling SunPower stock “worthless” in July.
Sunrun (NASDAQ: RUN ) stock is taking off on Wednesday after the solar power company provided investors with its earnings report for the second quarter of 2024. That report starts with the company's diluted earnings per share of 55 cents.
Sunrun Inc (NASDAQ:RUN) stock is surging today, last seen up 13.9% to trade at $18.78, headed for its largest single-day percentage pop since mid-July.
Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers. SunPower filed for bankruptcy on Monday as the company has struggled for months in the face of high interest rates and allegations of misconduct in its reporting practices.