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Sunrun Inc. (RUN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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57.71-0.53 (-0.91%)
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Neutralpattern detected
Previous Close58.24
Open58.41
Bid57.25 x 1000
Ask57.62 x 1100
Day's Range56.67 - 59.59
52 Week Range7.84 - 82.42
Volume3,771,539
Avg. Volume6,305,036
Market Cap11.399B
Beta (5Y Monthly)2.15
PE Ratio (TTM)824.43
EPS (TTM)0.07
Earnings DateFeb 25, 2021 - Mar 01, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est65.25
  • LG Chem Recalls Home Battery Systems After Reports of Fires
    Bloomberg

    LG Chem Recalls Home Battery Systems After Reports of Fires

    (Bloomberg) -- LG Chem Ltd. is voluntarily recalling some models of its home energy storage batteries in the U.S. over concerns they could overheat and start fires.The South Korean industrial giant is working with the U.S. Consumer Product Safety Commission on the recall after the company received reports of five fires with its battery systems that caused limited property damage and no injuries, according to a recall notice seen by Bloomberg.LG Energy Solution Co., formed this month after LG moved to split off its energy storage and electric-vehicle battery business, is working with related companies to determine the cause, it said in an emailed statement. Customers will be offered free replacements of some batteries as a preemptive measure, the company said.The impacted units were sold by various distributors of solar energy systems including Sunrun Inc. from January 2017 through March 2019, the recall notice said. Cells in units being recalled are at risk of overheating, according to the notice.The Consumer Product Safety Commission is working with LG Chem on the recall, although it hasn’t set a date for an official announcement, spokesman Joseph Martyak said in a statement.Sunrun said it affects about 5% of its Brightbox customers. The company’s shares fell as much as 2.5% Friday.“We have already started proactively replacing batteries impacted by the recall and have credited customers for the brief downtime,” Sunrun spokesman Wyatt Semanek said in an email.The recall comes as solar installers are offering batteries as part of their systems. Many homeowners want backup power to keep lights on during outages amid hurricanes, extreme heat or the threat of wildfires.LG Chem supplied batteries to an energy storage facility owned by an Arizona Public Service utility that exploded last year and caused several injuries. The utility said the fire was caused by a defective cell. LG Chem disputed those findings.(Adds Consumer Product Safety Commission comment in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Sunrun Announces Environmental Justice Initiatives
    GlobeNewswire

    Sunrun Announces Environmental Justice Initiatives

    Through Donations, Partnerships and Programs Across the Country, Sunrun will Expand Access to Solar Energy Savings and JobsSAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Sunrun, the nation’s leading residential solar, storage and energy services provider today announces five environmental justice initiatives to expand access to solar and its benefits. The efforts include advocating for more social equity in solar policies, removing financial barriers to solar, and hiring from disadvantaged communities.“Sunrun’s mission is to create a planet run by the sun,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “We’re working with leading non-profit organizations around the country to ensure no one is left behind as we build the clean energy future.”Sunrun Environmental Justice Partnerships:Blacks in Green, Chicago – Sunrun and Blacks in Green (BIG), an environmental economic development organization designed to tackle pollution and poverty in Chicago’s underserved communities, are continuing to work together for a second consecutive year. Sunrun is excited to partner with BIG to expand career opportunities in the growing solar industry. Sunrun and BIG will work together to expand access to no-cost solar programs for income-eligible families through the Illinois Solar for All Program.Grid Alternatives – Sunrun is nearing its 10th year partnering with GRID Alternatives, a national non-profit leader in making renewable energy technology and job training accessible to underserved communities. In 2019 alone, Sunrun and GRID installed 5 megawatts of solar for 1,178 low-income families, which will provide $25 million in lifetime savings. Sunrun and GRID are offering 100% free battery systems to low-income customers in wildfire-prone regions of California this year to provide much-needed backup power when the grid is down. The batteries are funded through California’s Self-Generation Incentive Program (SGIP) Equity Resiliency Budget.Rising Sun Center for Opportunity – Sunrun is partnering with the Rising Sun Center for Opportunity, an Oakland-based non-profit building career pathways for economic equity and climate resilience. From Oakland to Stockton and the Central Valley, the organization serves as a green training, employment, and residential energy efficiency organization grounded in equity. Sunrun is also exploring opportunities to hire from Rising Sun’s Opportunity Build program, which provides free construction job training and placement to adults facing barriers to employment.WE ACT – Sunrun is partnering with WE ACT for Environmental Justice, a nationally-recognized, Northern Manhattan based organization that advocates for fair environmental health policies for people of color and low-income families. The purpose of the partnership is to advocate for state, local, and federal policies that expand access to solar, grid resiliency, and economic empowerment for people of color and low-income families.About Sunrun Sunrun Inc. (Nasdaq: RUN) is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.Sunrun Contact: Wyatt Semanek Public Relations Manager press@sunrun.com (480) 751-9286Sunrun Investor & Analyst Contact: Patrick Jobin Vice President, Finance & Investor Relations investors@sunrun.com (415) 373-5206

  • 4 Top Stock Trades for Monday: FL, WORK, WDAY, RUN
    InvestorPlace

    4 Top Stock Trades for Monday: FL, WORK, WDAY, RUN

    Even though there have been a flurry of headlines, it has been a quiet couple of weeks for the stock market now. With that in mind, let’s look at a few top stock trades for our upcoming holiday-shortened trading week. Top Stock Trades for Monday No. 1: Foot Locker (FL) Click to EnlargeSource: Chart courtesy of StockCharts.com Foot Locker (NYSE:FL) was initially higher on Friday after reporting earnings, but it has since made a turn lower. For the week, though, it’s still sporting gains 5.4%. As you can see on the weekly chart here, $40 has been resistance — even before the pandemic started. With an added layer of resistance near $42.50 via the 200-week moving average, Foot Locker has a lot to prove to bulls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Up and over these two marks could put $46 in play. Above that, and $50 is possible. 7 Cyclical Stocks Still Hoping for Another Stimulus Round On the downside, however, FL stock continues to respect its 10-week moving average. That remains support until proven otherwise. If it fails, $32 to $33 could be in the cards. Top Stock Trades for Monday No. 2: Slack (WORK) Click to EnlargeSource: Chart courtesy of StockCharts.com Slack (NYSE:WORK) has been trading quite well lately, rising in six out of eight sessions. Over the last four sessions, the stock has reclaimed its 20-day, 50-day, 100-day and 200-day moving averages. Now I want to see it at least hold the 100-day and 200-day, which would require WORK stock to stay above $28.50. Below and it could end up getting back into “the chop,” trading without any real momentum in either direction. On the upside, let’s see if Slack can push up to downtrend resistance (blue line). This mark has been in play since the June highs. A breakout over it would be bullish, and at the very least, put the October highs in play near $33. Above that, and $35 to $36 could be in play. Top Stock Trades for Monday No. 3: Workday (WDAY) Click to EnlargeSource: Chart courtesy of StockCharts.com Workday (NASDAQ:WDAY) is taking a dip on earnings, falling more than 9% on Friday. The action isn’t great, as the stock was just starting to break out over wedge resistance ahead of earnings. Furthermore, the stock is now knifing through the 50-day moving average. On the downside, we need to see the $200 to $206 area hold as support. There it has wedge support, range support and the 100-day moving average. Below will open the door to the 200-day moving average. 7 Infrastructure Stocks to Buy for Coast-to-Coast Improvements  On the upside, though, I want to see WDAY stock reclaim the 50-day moving average. Above puts wedge resistance back in play, followed by the $232 level. Top Stock Trades for Monday No. 4: Sunrun (RUN) Click to EnlargeSource: Chart courtesy of StockCharts.com Sunrun (NASDAQ:RUN) has been getting a lot of attention lately. The stock was on a strong run coming into October, but then fell into a nasty falling wedge (blue lines). As is often the case, the stock was able to finally break to the upside. Folks, do not try to catch the falling knife if these setups. Wait for the stock to breakout of the wedge. This is not a guaranteed winner, but at least the risk point is defined by the recent low. In any regard, the stock is fighting with the $60 to $62.50 area. Above will open up the stock to a possible rally up to $67.50. Above $70, and a retest of the highs are possible. On the downside, however we don’t want RUN stock to lose $52.50 and the 100-day moving average. At a minimum, that will put this month’s low in play at $49.21. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 4 Top Stock Trades for Monday: FL, WORK, WDAY, RUN appeared first on InvestorPlace.