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Sunrun Inc. ($RUN) Stock Forecast: Down 6.4% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is Sunrun Inc.?

Sunrun is a leading provider of clean energy as a subscription service. The company operates a virtual power plant in California that recently activated during a heat wave to support the state's power grid.

Why is Sunrun Inc. going down?

RUN stock is down 6.4% on Jul 19, 2024 15:02

  • Despite Sunrun delivering essential power to the grid during a heat wave, Sunrun's stock experienced a bearish movement of -0.69%.
  • The bullish sentiment and potential upside indicated by the Golden Cross technical chart formation may have been overshadowed by broader market conditions or profit-taking by investors.
  • The positive news of contributing to grid stability during the heat wave was not enough to offset the downward pressure on Sunrun's stock price.
  • Investors may be closely monitoring any developments in the clean energy sector and broader market trends to assess the impact on Sunrun's stock performance in the near future.

RUN Price Chart

RUN News

Sunrun's Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave - Sunrun ( NASDAQ:RUN )

SAN FRANCISCO, July 18, 2024 ( GLOBE NEWSWIRE ) -- Sunrun RUN, the nation's leading provider of clean energy as a subscription service, announced today that its CalReady power plant was activated to support California's power grid during the recent heat wave.

https://www.benzinga.com/pressreleases/24/07/g39846176/sunruns-newest-california-power-plant-delivers-essential-power-to-the-grid-during-heat-wave

News Article Image Sunrun's Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave - Sunrun  ( NASDAQ:RUN )

Sunrun''s Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave | RUN Stock News

Sunrun''s CalReady virtual power plant activates during California heat wave, supplying up to 51 MW nightly. 16,000+ customers contribute to grid stability, showcasing clean energy''s potential in preventing blackouts.

https://www.stocktitan.net/news/RUN/sunrun-s-newest-california-power-plant-delivers-essential-power-to-vfcs4vxrkxpp.html

News Article Image Sunrun''s Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave | RUN Stock News

Sunrun's Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave

More than 16,000 distributed home solar-plus-storage customers networked together to strengthen California's electrical grid and prevent blackouts More than 16,000 distributed home solar-plus-storage customers networked together to strengthen California's electrical grid and prevent blackouts ...

https://www.globenewswire.com/news-release/2024/07/18/2915564/0/en/Sunrun-s-Newest-California-Power-Plant-Delivers-Essential-Power-to-the-Grid-During-Heat-Wave.html

News Article Image Sunrun's Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave

Sunrun ( RUN ) Stock Moves -0.69%: What You Should Know

Sunrun (RUN) reachead $17.16 at the closing of the latest trading day, reflecting a -0.69% change compared to its last close.

https://www.zacks.com/stock/news/2303994/sunrun-run-stock-moves--069-what-you-should-know

News Article Image Sunrun  ( RUN )  Stock Moves -0.69%: What You Should Know

Sunrun Stock: Golden Cross Sparks Bullish Sentiment, Potential Upside - Sunrun ( NASDAQ:RUN )

Sunrun Inc RUN has recently caught investor attention with a technical chart formation known as the Golden Cross, signaling a robust bullish trend. This key technical pattern, combined with positive analyst projections, indicates promising upside potential for Sunrun's stock.

https://www.benzinga.com/markets/esg/24/07/39800473/sunrun-stock-golden-cross-sparks-bullish-sentiment-potential-upside

News Article Image Sunrun Stock: Golden Cross Sparks Bullish Sentiment, Potential Upside - Sunrun  ( NASDAQ:RUN )

Sunrun Inc. Price History

19.06.2024 - RUN Stock was down 6.4%

  • Despite Sunrun delivering essential power to the grid during a heat wave, Sunrun's stock experienced a bearish movement of -0.69%.
  • The bullish sentiment and potential upside indicated by the Golden Cross technical chart formation may have been overshadowed by broader market conditions or profit-taking by investors.
  • The positive news of contributing to grid stability during the heat wave was not enough to offset the downward pressure on Sunrun's stock price.
  • Investors may be closely monitoring any developments in the clean energy sector and broader market trends to assess the impact on Sunrun's stock performance in the near future.

18.06.2024 - RUN Stock was up 5.5%

  • Sunrun's stock performed positively today, closing at $17.16 after a strong bullish movement.
  • The Golden Cross technical chart pattern and optimistic analyst forecasts have generated bullish sentiment, pointing towards potential upside for Sunrun's stock.
  • Recent events, such as the failed assassination attempt on former President Donald Trump, caused a decline in solar stocks, including Sunrun, amid concerns about the impact of political developments on clean energy industries.
  • Despite market uncertainties, influential investors have demonstrated confidence in Sunrun, indicating a positive outlook on the company's future despite short-term market fluctuations.

16.06.2024 - RUN Stock was up 9.7%

  • The Golden Cross technical chart formation on Sunrun's stock has sparked bullish sentiment among investors, indicating a robust uptrend.
  • Despite recent events, Sunrun managed to maintain a positive outlook with a raised price target from an analyst.
  • Deep-pocketed investors have shown a bullish approach towards Sunrun, further supporting the bullish movement in the stock.
  • The overall positive sentiment in the clean energy sector, driven by hopes of a Federal Reserve rate cut benefiting companies, has also contributed to the bullish movement in Sunrun's stock.

16.06.2024 - RUN Stock was up 8.7%

  • The failed assassination attempt on former President Donald Trump over the weekend has caused uncertainty in the clean energy sector, including solar stocks like Sunrun.
  • Despite the negative sentiment, an analyst maintained a Positive rating on Sunrun and raised the price target, indicating some optimism in the company's future.
  • Deep-pocketed investors' bullish approach towards Sunrun, as seen in the public options records, could be driving the stock's upward movement.
  • The overall positive sentiment in the clean energy sector, with stocks like Sunrun, Sunpower, and Enphase Energy rising on hopes of a Federal Reserve rate cut, is likely contributing to Sunrun's bullish movement today.

12.06.2024 - RUN Stock was up 9.2%

  • The bullish movement in Sunrun's stock can be attributed to the positive sentiment from deep-pocketed investors adopting a bullish approach towards the company, as indicated by the significant move in public options records.
  • The overall optimism in the clean energy sector, including companies like Sunpower and Enphase, was fueled by hopes of a Federal Reserve rate cut making clean energy plans more affordable, leading to increased investor interest and driving up stock prices.
  • Despite some investors taking a bearish stance on Sunrun, the overall market sentiment seems to be overwhelmingly positive, with the company's stock experiencing a dramatic 13% leap in the past 90 days, reflecting strong investor confidence in its growth prospects.
  • The broader solar PV market's projected high growth in the coming years, as indicated by market research reports, could also be contributing to the positive outlook for Sunrun and other companies in the industry, further boosting investor confidence and driving stock prices higher.

12.06.2024 - RUN Stock was up 13.2%

  • Sunrun's stock showed strong bullish movement today, aligning with the positive sentiment in the renewable energy sector.
  • The upsurge in Sunrun's stock price is linked to optimism surrounding Federal Reserve rate cuts, enhancing the affordability and appeal of the company's plans to investors.
  • Despite bearish options positions from some investors, Sunrun's market trend remains bullish, supported by its strategic position in the growing solar energy industry.
  • The overall interest in undervalued renewable energy stocks also played a role in Sunrun's stock price rise, reflecting investor confidence in the sector's long-term growth potential.

11.06.2024 - RUN Stock was up 12.7%

  • The bullish movement in Sunrun's stock (RUN) can be attributed to several factors:
  • The options market showing a bearish stance might have led to a short squeeze, causing the stock to rise as short sellers rushed to cover their positions.
  • Positive market sentiment towards the solar industry, as indicated by the expected high growth in the Solar PV market, could have boosted investor confidence in Sunrun's future prospects.
  • Sunrun's recent stock performance, with a dramatic 13% leap in the last 90 days, could have attracted more investors seeking to capitalize on the company's momentum.
  • The anticipation of Sunrun's upcoming second-quarter earnings report might have also contributed to the bullish sentiment, with investors optimistic about the company's financial performance.

11.06.2024 - RUN Stock was up 11.2%

  • Sunrun Inc. (RUN) witnessed a strong bullish movement today.
  • Investor optimism may be influenced by expectations for the upcoming second-quarter earnings report set for August 6, 2024.
  • The positive outlook for renewable energy stocks and recent mentions of undervalued renewable energy stocks might be contributing to the bullish trend.
  • The recent sale of Sunrun's CFO shares valued at over $58,000 might be viewed as a minor concern, but it does not appear to have significantly affected the overall positive sentiment towards the stock.

10.06.2024 - RUN Stock was up 6.1%

  • Sunrun's stock demonstrated a strong bullish movement today, possibly influenced by the anticipation of its impending second-quarter earnings.
  • Executives at Sunrun selling company shares may have initially caused market uncertainty, though the overall positive sentiment surrounding renewable energy stocks likely outweighed this.
  • Investors are showing interest in undervalued renewable energy stocks, and Sunrun's established presence in the industry could have benefitted from this heightened attention.
  • The imminent earnings report could serve as a key driver for Sunrun's stock, as investors are keen to assess the company's financial performance and future outlook in the expanding renewable energy market.

10.06.2024 - RUN Stock was up 7.9%

  • Sunrun's stock (RUN) experienced a strong bullish movement today.
  • The upcoming second quarter 2024 earnings report announcement could have generated positive investor sentiment and anticipation for potential strong financial performance.
  • The news of Sunrun executives, including the CFO and CEO, selling company shares might have initially raised concerns, but the market likely interpreted these actions as profit-taking or portfolio diversification rather than a lack of confidence in the company's future prospects.
  • Overall, the combination of the upcoming earnings report and the executive share sales may have contributed to the bullish momentum in Sunrun's stock price today.

09.06.2024 - RUN Stock was up 5.2%

  • The bullish movement in Sunrun's stock today could be attributed to the positive sentiment surrounding green energy stocks in the market.
  • Recognition of the potential dominance of green energy stocks by 2026 and the projected growth of the global renewable energy market could have fueled investor optimism in Sunrun.
  • As investors increasingly focus on sustainability and the shift towards renewable energy sources, companies like Sunrun stand to benefit from this growing trend, leading to a surge in the stock price.
  • Overall, the positive outlook for green energy stocks and the increasing demand for sustainable solutions may have contributed to Sunrun's bullish performance today.

25.05.2024 - RUN Stock was down 5.0%

  • Sunrun (RUN) experienced a strong bearish movement despite the overall positive sentiment in the renewable energy sector.
  • A surprising 11% stock rally may have led to profit-taking by investors, contributing to the bearish movement.
  • The news of Sunrun director Jurich selling $605k in company stock might have raised concerns among investors, impacting the stock price negatively.
  • While the renewable energy sector shows promise for long-term growth, short-term factors like insider selling and profit-taking could have influenced Sunrun's bearish movement today.

20.05.2024 - RUN Stock was up 5.1%

  • Sunrun (RUN) experienced a strong bullish movement recently.
  • The bullish trend can be attributed to the positive market sentiment in the renewable energy sector, driven by increasing demand and growth projections.
  • Despite recent insider selling activity, investors appear optimistic about the future prospects of Sunrun, reflected in the positive market movement.
  • Analyst evaluations on Sunrun have been varied, but the market uptick suggests that investors are considering the company's long-term potential over short-term fluctuations.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.