Sunrun ( (RUN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Sunrun Inc.’s stock experienced a notable decline despite the company reporting higher-than-expected Q2 revenue of $569.34 million, surpassing the consensus estimate of $560.29 million. The company also highlighted its achievements in generation capabilities, including a 70% storage attachment rate and its contribution to grid stability. However, mixed options sentiment and anticipation of a significant post-earnings share price move have influenced the stock’s downward trajectory.
More about Sunrun
YTD Price Performance: -7.74%
Average Trading Volume: 24,013,029
Technical Sentiment Signal: Sell
Current Market Cap: $2.15B
For further insights into RUN stock on TipRanks’ Stock Analysis page.
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