Sunrun Inc (RUN)
Sunrun Inc (RUN) is a leading residential solar energy company that specializes in solar panel installation and renewable energy solutions for homeowners. Founded in 2007, it provides affordable solar power systems through leasing and power purchase agreements, enabling customers to reduce energy costs and adopt sustainable energy practices. Sunrun also offers energy storage options and aims to expand access to clean energy across the United States.
Company News
Tech stocks experienced a third consecutive day of losses, with markets cautious ahead of Fed Chair Powell's upcoming speech. Weekly jobless claims rose, and solar stocks plunged after critical comments from Trump.
Sunrun is providing emergency power to Puerto Rico's grid by dispatching over 37,000 home batteries during summer heat and power generation shortfalls, helping prevent rotating blackouts and earning customers compensation for grid support.
Solar stocks plummeted after the U.S. Senate's version of the budget bill proposed phasing out tax incentives for rooftop solar and wind energy by 2028, leading to a sell-off in the sector.
Solar energy stocks jumped on Monday, driven by the denial of AI data centers powered by nuclear energy, which could delay nuclear plans in favor of solar. The news around tech's growing energy needs, with solar potentially being a better answer, is seen as a durable tailwind for solar energy stocks.
In the most recent trading session, Sunrun (RUN) closed at $12.64, indicating a -0.55% shift from the previous trading day.
