In the Zone

$RUN – Sunrun, Inc.

Sunrun Inc. engages in the design, development, installation, sales, ownership, and maintenance of residential solar energy systems in the United States. Sunrun was founded in 2007 and is headquartered in San Francisco, California. In July 2020 Sunrun acquired Vivint Solar and is currently the largest vertically integrated installer and owner of solar generation. 

The company is also the leading provider of residential solar storage and energy services in the United States. With the purchase of Vivint Solar the company has expanded its customer base as well as improved its overall shareholder value. The company reported a second quarter earning loss in August but topped revenue estimates slightly over 200% and a 21% increase in customer’s year over year.

 

The stock has been on a run up in price since mid March, the stock price has moved from a low at $7.84 to a high at $59.00 per share. The stock is up 446.77% in less than 6 months as it continues to move higher to the upside. Sunrun closed to end the day trading on Friday at $55.88 up $6.66 or 13.52% for the wee on heavier than average weekly trading volume of 15.8 million.. 

 

By Marlin Rolle

 

Please note that all the stocks listed are not a buy recommendation; please do your own due diligence or get help from a professional before trading.