Sunrun Inc. Stock News

The solar sector is taking a beating today, after President Donald Trump announced on Truth Social that the U.S. will not approve wind or solar projects, blaming the renewables for high electricity and energy costs.

States that rely on wind or solar power are seeing increased energy prices, the president posted on social media, calling it “the scam of the century.”

Solar stocks are surging after the Treasury Department released guidance on the kind of projects that can qualify for clean energy tax credits that was less restrictive than investors feared.

Sunrun stock price exploded higher last Friday, mirroring the performance of other solar companies like SolarEdge, NextEra, and NextTracker. RUN jumped to a high of $13.92, its highest point since November last year and 160% from its lowest level this year.

The IBD-tracked Energy-Solar industry group jumped nearly 12% on Friday.

Shares of Sunrun Inc (NASDAQ:RUN) are down 3.4% to trade at $10.56 this morning, brushing off a maintained "overweight" rating and price-target hike to $14 from $8 at Wells Fargo.

Sunrun has further growth potential, according to Wells Fargo. Analyst Michael Blum reaffirmed his overweight rating on the residential solar panel manufacturer and lifted his price target by $6 to $14.

Sunrun's Q2 earnings beat expectations, but profitability relies on non-controlling interests absorbing unsustainable losses, raising long-term sustainability concerns. Operating cash flow remains negative, with growth fueled by increasing debt and external funding rather than true business improvement. The business model is heavily dependent on tax incentives, particularly 48E, which begin pha...