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Should You Buy Sunrun Inc (RUN) Stock After it Has Gained 13.35% in a Week?

Friday, March 22, 2024 11:06 AM | InvestorsObserver Analysts

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Should You Buy Sunrun Inc (RUN) Stock After it Has Gained 13.35% in a Week?

Overall market sentiment has been high on Sunrun Inc (RUN) stock lately. RUN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Sunrun Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RUN!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With RUN Stock Today?

Sunrun Inc (RUN) stock is trading at $11.21 as of 11:01 AM on Friday, Mar 22, a loss of -$0.56, or -4.72% from the previous closing price of $11.76. The stock has traded between $11.19 and $11.90 so far today. Volume today is light. So far 2,846,117 shares have traded compared to average volume of 15,143,000 shares. To screen for more stocks like Sunrun Inc click here.

More About Sunrun Inc

Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers. Click Here to get the full Stock Report for Sunrun Inc stock.

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