Ultime notizie per Sunrun (NASDAQ:RUN) Azioni

Sunrun

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.

Sunrun Inc

Rune - United States Dollar

REUNION INDUSTRIES INC by Reunion Industries, Inc.

Reunion Industries Inc

Running Oak Efficient Growth ETF

RUNNING FOX RES CORP by Running Fox Resource Corp.

Running Fox Resource Corp

Runway Growth Finance Corp. - Common Stock

Runway Growth Finance Corp

Runway Growth Finance Corp. - 7.50% Notes due 2027

Runway Growth Finance Corp. - 8.00% Notes due 2027

Providing a diverse range of perspectives from bullish to bearish, 17 analysts have published ratings on Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $23.32, a high estimate of $38.00, and a low estimate of $16.50. Observing a 8.92% increase, the current average has risen from the previous average price target of $21.41. 
<img src="https://www.benzinga.com/files/images/story/2024/1729112436_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Sunrun among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$23.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$29.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Maintains</td>
<td>Buy</td>
<td>$20.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$16.50</td>
<td>$12.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jon Windham</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$38.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$18.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sunrun. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sunrun compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Sunrun's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Sunrun's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/RUN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sunrun analyst ratings.</a>
<h2>About Sunrun</h2>
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.
<h3>Financial Milestones: Sunrun's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Sunrun faced challenges, resulting in a decline of approximately -11.24% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Sunrun's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.72% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Sunrun's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.65% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Sunrun's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.66% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Sunrun's debt-to-equity ratio stands notably higher than the industry average, reaching 2.25. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For Sunrun

Barclays analyst Christine Cho maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Equal-Weight and lowers the price target from $19 to $18.

News

Price Target

Barclays Maintains Equal-Weight on Sunrun, Lowers Price Target to $18

Susquehanna analyst Biju Perincheril maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Positive and lowers the price target from $24 to $23.

Susquehanna Maintains Positive on Sunrun, Lowers Price Target to $23

WIIM

Sunrun shares are trading lower. Jefferies cut its price target on the stock from $31 to $29.

Jefferies analyst Julien Dumoulin-Smith maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Buy and lowers the price target from $31 to $29.

Jefferies Maintains Buy on Sunrun, Lowers Price Target to $29

ARRY

ASTI

CSIQ

ENPH

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

NOVA

SEDG

SMXT

Shares of solar stocks are trading lower amid possible sympathy with First Solar after Jefferies cut its price target on the stock from $271 to $266.

Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) is making waves in the energy sector, showcasing an impressive stock performance and <a href="https://www.benzinga.com/quote/CEG/news">exciting growth prospects</a>.
The stock has increased over 60% in the past month, 146% year-to-date, and 155% over the past year.
This surge is driven by multiple factors, including the company's commitment to providing clean energy solutions through natural gas, electricity, and solar options via its partnership with Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) in six states, along with Washington, D.C.
<h2 class="wp-block-heading">A Game-Changing Partnership With Microsoft</h2>
The latest catalyst propelling Constellation Energy into the spotlight is its significant deal with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). This groundbreaking agreement will allow Constellation to restart the Three Mile Island Unit 1 nuclear power plant, which had been shut down for economic reasons five years ago. 
The deal, characterized as the largest power-purchasing agreement in history, will see Microsoft purchase all the power generated by the facility, primarily to support its data center operations. This initiative is set to add over 800 megawatts of carbon-free energy to the grid, enough to power 700,000 homes.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41102768/utilities-outpace-s-p-500-fueled-by-ai-these-2-stocks-lead-the-charge">Utilities Outpace S&amp;P 500, Fueled By AI: These 2 Stocks Lead The Charge</a>
In financial terms, Constellation Energy expects to invest around $1.6 billion to bring the nuclear facility back online by 2028. This investment is anticipated to significantly accelerate the company&#8217;s earnings growth rate, projecting an annual increase of at least 13% through the end of the decade. This marks an upgrade from the previous forecast of 10%, which is impressive given that most industry peers are eyeing mid-single-digit growth rates.
<h2 class="wp-block-heading">CEG Stock In Bullish Trend, But Watch For Potential Correction</h2>
As CEG stock currently trades at $285.52, it sits well above its five, 20 and 50-day exponential moving averages, indicating a strongly bullish trend. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111022/Screenshot-2024-10-07-at-7.24.12-PM.png" alt="" class="wp-image-583723" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111022/Screenshot-2024-10-07-at-7.24.12-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111022/Screenshot-2024-10-07-at-7.24.12-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
CEG stock is also trading above the eight-day simple moving average (SMA) and the 20-day and 50-day SMAs, reflecting trading optimism over the short and medium term. The price also trades comfortably above the 200-day SMA, reinforcing long-term bullish momentum.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111031/Screenshot-2024-10-07-at-7.24.32-PM.png" alt="" class="wp-image-583724" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111031/Screenshot-2024-10-07-at-7.24.32-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07111031/Screenshot-2024-10-07-at-7.24.32-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator sits at 22.87, further confirming the bullish sentiment. The Bollinger Bands also have the stock trading in the upper bullish band, adding to the optimism.
However, with a Relative Strength Index (RSI) of 79.08, CEG stock is in overbought territory, suggesting that investors should monitor potential corrections closely.
Constellation Energy's strategic focus on nuclear energy, combined with strong technical indicators and a partnership with Microsoft, positions it favorably for future growth. 
As demand grows for low-carbon energy solutions, CEG stock is set to illuminate the power landscape and offer substantial returns for investors.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41119184/nvidia-ceo-jensen-huang-backs-nuclear-energy-to-power-ais-future-3-stocks-to-watch">Nvidia CEO Jensen Huang Backs Nuclear Energy To Power AI&#8217;s Future: 3 Stocks To Watch</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Technicals

Markets

Trading Ideas

MSFT

CEG Stock Is Up 60% In A Month: Is Constellation Energy The New Power Play?

Solar energy industry experts say the development of tandem panels could increase the efficiency of solar power.
What Happened: Tandem solar panels, which stack two solar materials on top of each other to capture more of the sun&#8217;s energy, achieved a record-breaking 33.89% efficiency. 
This is a significant leap from the 20-22% efficiency of commercially available solar panels, <a href="https://www.wired.com/story/tandem-solar-panel-cells-efficiency-energy/">reported</a> Wired, citing a study published in Nature.
The tandem solar cells, developed by a team of researchers at the energy giant LONGi, combine silicon and perovskite materials. This innovation allows the cells to capture an additional 60% of solar energy. It also reduced the number of panels required to produce the same energy. It also cuts installation costs and land requirements for solar farms.
See Also: <a href="https://www.benzinga.com/news/24/09/41059891/elon-musk-says-because-almost-none-of-you-do-your-math-sums-the-world-is-largely-not-using-the-big-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says The World Isn&#8217;t Using The Sun&#8217;s Energy Enough Because Most People Don&#8217;t Do The Math</a>
While the current efficiency of silicon solar cells is limited to about 29%, perovskite materials, discovered less than two decades ago, have emerged as the ideal complement to silicon technology. Their light absorption tunability allows them to capture high-energy blue light more efficiently than silicon, thereby increasing the total tandem efficiency.
Why It Matters: The recent breakthrough in tandem solar panels could have far-reaching implications for the solar energy industry. The increased efficiency of these panels could significantly reduce the number of panels required for solar farms and cut installation costs and land requirements. The development of tandem solar panels comes at a time when solar power is gaining significant traction. Solar companies, like Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) and Enphase Energy (NADSAQ:ENPH), could benefit in the long run if technological advancements make residential solar more attractive. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), an ETF that tracks the solar space, traded down more than 2% Tuesday as the overall market declined amid geopolitical tensions in the Middle East.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Elon Musk: When The Time Comes He Needs Trump The Most He Will Find Out The Truth</a></li>
</ul>
Benzinga editors produced and reviewed this content with the help of AI tools.
Image: Pixabay

Tech

General

Double The Power, Half The Panels: Scientists Tout Tandem Solar Cells For Capturing Record Energy

Goldman Sachs analyst Brian Lee reiterates Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Buy and maintains $20 price target.

Reiteration

Goldman Sachs Reiterates Buy on Sunrun, Maintains $20 Price Target

Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares are trading higher Tuesday. The company announced a national partnership with Toll Brothers Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) to provide solar power and storage <a href="https://www.benzinga.com/pressreleases/24/09/g40992556/toll-brothers-announces-national-partnership-with-sunrun-to-provide-solar-power-and-storage-to-tol">to Toll Brothers homes</a>.
What Happened: Toll Brothers and Sunrun inked a <a href="https://www.benzinga.com/pressreleases/24/09/g40992556/toll-brothers-announces-national-partnership-with-sunrun-to-provide-solar-power-and-storage-to-tol">national partnership</a> that will make Sunrun the exclusive provider of solar power as an included feature in all Toll Brothers homes in California. The two companies also have a preferred agreement to provide solar for additional Toll Brothers divisions across the country. 
Sunrun will serve as a &#8220;one-stop shop&#8221; for solar&nbsp;customers in California, which includes sales, design, permitting, installation, customer care and warranty.&nbsp;Sunrun will also provide home buyers a choice of an EnPhase or <a href="http://benzinga.com/quote/tsla">Tesla</a> Powerwall 3 battery storage system. 
&#8220;We are pleased to announce this new agreement with Sunrun as our national solar and storage partner, providing our home buyers with state-of-the-art options for clean, reliable power in their new homes,&#8221; said Seth Ring, executive vice president of Toll Brothers. 
&#8220;Since 2015, Toll Brothers has been committed to incorporating solar into our communities in California and beyond, and we are excited to continue this commitment to innovation and our environment with Sunrun.&#8221;
Under the agreement, Sunrun&#8217;s solar products can be offered to Toll Brothers homebuyers in additional markets as an option or as an included feature financed with the home. In certain markets, where third-party ownership is allowed and available, solar can be added to the home at no cost to the homebuyer.
Tuesday morning, Morgan Stanley analyst Stephen Byrd maintained coverage on Sunrun with an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> and price target of $35.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41000581/fed-catching-up-with-50-point-rate-cut-fund-managers-expect-gains-in-emerging-marke">Fed &#8216;Catching Up&#8217; With 50-Point Rate Cut: Fund Managers Expect Gains In Emerging Markets, Small Caps</a>
RUN Price Action: <a href="http://benzinga.com/quote/run">Sunrun shares</a> were up 3.38% at $19.55 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Tesla.

Movers

Sunrun Stock Is Rising Tuesday: What's Going On?

15 analysts have expressed a variety of opinions on Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Sunrun, revealing an average target of $23.3, a high estimate of $38.00, and a low estimate of $16.50. This current average has increased by 13.83% from the previous average price target of $20.47. 
<img src="https://www.benzinga.com/files/images/story/2024/1727179269_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Sunrun is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$16.50</td>
<td>$12.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jon Windham</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$38.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$18.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$19.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sunrun. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Sunrun compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Sunrun's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Sunrun's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/RUN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sunrun analyst ratings.</a>
<h2>Discovering Sunrun: A Closer Look</h2>
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.
<h3>Sunrun: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Sunrun's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -11.24%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Sunrun's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.72% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Sunrun's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.65%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Sunrun's ROA excels beyond industry benchmarks, reaching 0.66%. This signifies efficient management of assets and strong financial health.
Debt Management: Sunrun's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.25, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 15 Analyst Recommendations For Sunrun

Morgan Stanley analyst Stephen Byrd maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Overweight and maintains $35 price target.

Morgan Stanley Maintains Overweight on Sunrun, Maintains $35 Price Target

Sunrun and Toll Brothers have an exclusive agreement for Sunrun to provide solar power as an included feature in all Toll Brothers homes in California, as well as a preferred agreement to provide solar for additional Toll Brothers divisions nationwide.
As part of the agreement, Sunrun will serve as a &quot;one-stop shop&quot; to provide solar as a standard feature in all Toll Brothers communities in California, including sales, design, permitting, installation, customer care, and warranty. Sunrun also provides home buyers with the choice of a third-party battery storage system, including EnPhase or the Tesla Powerwall 3, to integrate with their provided residential solar system.

Contracts

Toll Brothers Enters New National Partnership For Sunrun To Provide Solar Power And Storage To Homes

ACHR

AZUL

BEEM

CENX

EVTL

FLNC

GTLS

JCSE

JOBY

KALU

LICY

MVST

NRGV

PLUG

RKLB

RYAAY

SCCO

SKIL

SPXC

STLD

TORO

VALE

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Reported Earlier, Sunrun Prices $365M In Securitized Solar & Battery Leases, Marking Third Issuance Of 2024

Investors with a lot of money to spend have taken a bearish stance on Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RUN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Sunrun.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $46,170, and 7, calls, for a total amount of $486,323.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.5 to $25.0 for Sunrun over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sunrun's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sunrun's whale trades within a strike price range from $7.5 to $25.0 in the last 30 days. 
<h3>Sunrun Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726589733_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.16</td>
<td>$1.07</td>
<td>$1.15</td>
<td>$19.00</td>
<td>$114.6K</td>
<td>12.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>RUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$17.00</td>
<td>$90.1K</td>
<td>69</td>
<td>161</td>
</tr>
<tr>
<td>RUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.88</td>
<td>$2.82</td>
<td>$2.84</td>
<td>$18.00</td>
<td>$85.2K</td>
<td>4.2K</td>
<td>330</td>
</tr>
<tr>
<td>RUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.14</td>
<td>$1.13</td>
<td>$1.14</td>
<td>$19.00</td>
<td>$79.9K</td>
<td>12.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>RUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.2</td>
<td>$1.14</td>
<td>$1.15</td>
<td>$19.00</td>
<td>$48.5K</td>
<td>12.6K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Sunrun</h3>
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.
<h3>Sunrun's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,354,733, with RUN's price up by 4.32%, positioned at $20.18.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>Expert Opinions on Sunrun</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $35.0.
<ul>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Sunrun, maintaining a target price of $35. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sunrun options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Sunrun Unusual Options Activity For September 17

First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares are pushing higher Wednesday as solar stocks climb following Tuesday night's debate between Vice President <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816556/enphase-solaredge-sunrun-eye-double-digit-growth-as-solar-market-rebounds-on-kamala">Kamala Harris and Donald Trump.</a>
The Details:
First Solar shares are climbing Wednesday as investors react to Vice President Harris&#8217;s <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">Tuesday's debate</a> against Republican nominee Donald Trump. 
Read Next: <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">What&#8217;s Going On With Palantir Stock?</a>
Harris emphasized her support for alternative energy sources during the debate. Coco Zhang, an ESG research analyst at ING Group, <a href="https://www.benzinga.com/markets/equities/24/09/40817317/solar-shares-climb-as-harris-gains-momentum-post-debate-against-trump-7-top-gainers-in-clean-ene">highlighted</a> Harris's track record of promoting clean energy development, including her support for a carbon tax and a ban on fracking.&nbsp;
&#8220;My position is that we have got to invest in diverse sources of energy so we reduce our reliance on foreign oil,&#8221; Harris said during the debate.&nbsp;
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) is climbing higher Wednesday, boosted by gains from SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) and Sunrun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) as investors see a Harris win as more likely following the debate.&nbsp;
<h3 class="wp-block-heading">Will FSLR Stock Go Up?</h3>
When trying to assess whether or not First Solar will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $299.64 on First Solar. The Street high target is currently at $360 and the Street low target is $250. Of all the analysts covering First Solar, 11 have positive ratings, no one has neutral ratings and no one has negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering First Solar have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. First Solar is 36.26% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about First Solar, visit <a href="https://www.benzinga.com/quote/FSLR">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
FSLR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, First Solar shares are up 11.4% at $232 at the time of publication Wednesday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/40800988/whats-going-on-with-amd-stock-today">What&#8217;s Going On With AMD Stock Today?</a></li>
</ul>
This image was generated using artificial intelligence via Midjourney.

FSLR

What's Going On With First Solar Stock?

Solar stocks rallied Wednesday, rebounding from recent four-year lows, following Vice President Kamala Harris&#8216;s strong showing against former President Donald Trump at their highly anticipated presidential <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40813068/a-flash-poll-shows-kamala-harris-as-the-clear-winner-of-the-debate-against-donald-trump-bu">debate on ABC. </a>
Investors appeared buoyed by Harris's performance during the debate, which signaled potential stability for clean energy policies under a future administration, sparking renewed interest in the solar sector.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), a benchmark for the solar industry, surged by 3.7% by 11:05 a.m. ET, even as broader market sentiment remained bearish following a concerning August inflation report.
<h3 class="wp-block-heading">Harris&#8217;s Debate Performance Boosts Clean Energy Optimism</h3>
In a CNN/SSRS poll of 600 registered voters who tuned into the debate, 63% said Harris outperformed Trump, while 37% favored the former president. Prior to the debate, the same group of voters had been evenly split on their expectations of who would deliver a stronger performance.
Coco Zhang, an ESG research analyst at ING Group, noted that Harris is &#8220;likely to preserve the Biden administration's most important climate legacy, emphasizing a more efficient implementation of the Inflation Reduction Act (IRA).&#8221;
Harris has long been a vocal advocate for clean energy. During a 2023 speech at Coppin State University, she reiterated her administration's long-term goals: &#8220;We set an ambitious goal to cut our greenhouse gas emissions in half by 2030 and to reach net-zero emissions by 2050,&#8221; she said.
Also Read: <a href="https://www.benzinga.com/news/24/09/40815343/not-a-slam-dunk-for-harris-but-the-chances-of-a-trump-victory-have-slipped-investors-markets-adjust">&#8216;Not A Slam Dunk For Harris, But The Chances Of A Trump Victory Have Slipped:&#8217; Investors, Markets Adjust Positions After Presidential Debate</a>
<h3 class="wp-block-heading">Harris&#8217;s Climate Legacy</h3>
Zhang emphasized that Harris&#8217;s campaign proposals in 2020 included an aggressive $10 trillion investment in decarbonizing the U.S. economy, the establishment of a carbon tax, and a ban on fracking. &#8220;We expect her to propose expanded clean energy spending, with a greater focus on environmental justice and affordable energy,&#8221; said Zhang.
Furthermore, a Harris-led administration would likely enforce stricter regulations on vehicles, oil, and gas industries, aligning with her vision to advance U.S. climate leadership on the global stage, particularly through continued participation in key climate summits like the United Nations Conference of the Parties.
<h3 class="wp-block-heading">Solar Stocks: Wednesday&#8217;s Top 7 Gainers</h3>
Below are the top gainers in the solar sector on Wednesday:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>7.98%</td>
</tr>
<tr>
<td>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>)</td>
<td>7.80%</td>
</tr>
<tr>
<td>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>)</td>
<td>6.47%</td>
</tr>
<tr>
<td>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) </td>
<td>6.33%</td>
</tr>
<tr>
<td>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>5.80%</td>
</tr>
<tr>
<td>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)</td>
<td>5.00%</td>
</tr>
<tr>
<td>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)</td>
<td>4.43%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40810498/bill-ackman-and-elon-musk-blast-kamala-harris-for-her-social-media-posts-during-debate-with-trump-ev">Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: &#8216;Even Her Tweets Are Not Her Own&#8217;</a></li>
</ul>
Photo created using Shutterstock and Midjourney.

Equities

Macro Economic Events

Mid Cap

Politics

Econ #s

Economics

SHLS

Solar Shares Climb As Harris Gains Momentum Post-Debate Against Trump: 7 Top Gainers In Clean Energy

Shares of solar stocks are trading higher. The sector may be reacting to last night's Trump-Harris debate and comments from VP Harris in support of diverse energy sources.

As Vice President Kamala Harris&#8216; odds improve ahead of the 2024 presidential election, observers expect a promising rebound in the U.S. <a href="https://www.benzinga.com/topic/solar-energy">residential solar market</a>.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), a barometer of the solar energy market, gained over 3% in pre-market trading, following the consensus that <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">Harris won Tuesday&#8217;s debate</a> against Republican nominee Donald Trump.
Roughly 27.67% of the TAN portfolio is comprised of three stocks: Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), SolarEdge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), and Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>).
Invesco Solar is down 28.94% for the past year, and about 24% year-to-date. But demand is improving, with industry leaders expecting double-digit growth by 2025.
<h2 class="wp-block-heading">Solar Stocks Rise On Kamala Harris&#8217; Winning Odds</h2>
Under the Biden administration, U.S. oil production rose to <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">new all-time highs</a>. Clean energy stocks also thrived, partially due to the Inflation Reduction Act, which provides crucial tax credits for the sector.
With Harris being a strong supporter of clean energy, the current odds are a positive catalyst for the sector.
Moreover, insights from JPMorgan's Mark Strouse, following the RE+ renewables industry conference, point to potential strong growth—though global challenges persist.
<h2 class="wp-block-heading">US Solar Demand Rebounds, Europe Struggles</h2>
The solar giants are optimistic about the U.S. market's recovery, driven by stable utility pricing, lower interest rates, and increased capacity eligible for domestic content tax credits. 
According to Strouse, &#8220;Each company expressed optimism regarding double-digit U.S. market growth in 2025.&#8221; 
However, Europe continues to lag, particularly in the Netherlands, where demand has dropped by 70-80% year-over-year due to uncertainty around net metering policies, he said.
<h2 class="wp-block-heading">Tax Incentives Boost Enphase, SolarEdge</h2>
Strouse also noted that Enphase and SolarEdge received a significant boost as their microinverters and inverters now qualify for a 36% domestic content ITC adder. 
Enphase expects this to improve margins, while SolarEdge anticipates a neutral impact. Both companies, he said, are optimistic about upcoming storage solutions, despite increased competition from Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Powerwall 3.
Read Also: <a href="https://www.benzinga.com/top-stories/24/08/40585808/tesla-energy-highlights-texas-record-breaking-battery-power-milestone-could-powerwall-have-its-momen">Tesla Energy Highlights Texas Battery Power Milestone: Could Powerwall Have Moment In Spotlight?</a>
<h2 class="wp-block-heading">Sunrun, Sunnova Face Financing Shifts</h2>
Meanwhile, Strouse also notes that Sunrun and Sunnova Energy International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) are keeping an eye on financing spreads, which may widen after SunPower Corp&#8216;s (OTCEM: SPWRQ) recent bankruptcy filing.
Nevertheless, with declining base rates, the overall cost of debt for industry leaders is expected to improve over time.
As Europe lags, U.S. solar demand is poised to rise, with Enphase, SolarEdge, and Sunrun leading the charge in a recovering market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40804481/whats-going-on-with-ftc-solar-stock">What&#8217;s Going On With FTC Solar Stock?</a></li>
</ul>

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