Sunrun ( (RUN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Sunrun shares moved as investors reacted to fresh analyst commentary, which influenced expectations about the company’s future performance and valuation. Trading volume picked up as the market digested the implications for the solar installer’s growth outlook.
UBS analyst Jon Windham reaffirmed his Buy rating on Sunrun but trimmed his price target to $23 from $26. The updated target suggests the stock still has meaningful upside in the analyst’s view, even after the recent volatility.
More about Sunrun
YTD Price Performance: -38.42%
Average Trading Volume: 8,979,425
Technical Sentiment Signal: Sell
Current Market Cap: $2.66B
For further insights into RUN stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.