|Bid||49.42 x 1300|
|Ask||49.50 x 1100|
|Day's Range||48.62 - 53.87|
|52 Week Range||7.84 - 100.93|
|Beta (5Y Monthly)||2.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Each week Trifecta Stocks identifies names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on five names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
Shares of Sunrun (NASDAQ: RUN) plunged by as much as 13.5% in trading on Wednesday due in part to a downgrade and general weakness in the market. Truist Securities analyst Tristan Richardson cut his price target for Sunrun from $116 per share to $95 per share. It didn't help that growth stocks and solar energy stocks were both down big Wednesday.
One of the most important of those is (RUN) (ticker: RUN), a solar developer and installer based in California. Sunrun shares rose 7.9% on Friday after the company beat revenue expectations and gave a bullish outlook for 2021 in its fourth-quarter earnings report on Thursday. Sunrun, which already has more than 550,000 customers and is the largest installer in the U.S., expects to add 20% to 25% more capacity this year, implying it will add more than 10% as many megawatts of capacity as it did in 2020.