Why Solar Energy Stocks Plunged This Morning [The Motley Fool]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
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Source: The Motley Fool
Why Solar Energy Stocks Plunged This Morning Solar stock prices are following oil prices down. Is there a buy in this bunch? It's looking like it will be another rough day for solar stocks . In 11:45 a.m. EDT trading, shares of residential solar power system installers Sunrun ( NASDAQ:RUN ) and Vivint Solar ( NYSE:VSLR ) are down 16.9% and 14.5%, respectively. Applied Materials ( NASDAQ:AMAT ) , which makes equipment needed for the production of solar panels, is down an only slightly less extreme 10.7%. Why are these stocks down so much? Oil futures dropped sharply in early trading Monday, and because solar energy is largely a technology that competes with energy produced from burning oil, solar power -- and solar power stocks -- naturally become less and less attractive the cheaper oil gets. And oil is now less than half what it cost as recently as January. Result: Dramatically cheaper oil stocks , but also pretty steep discounts on the solar stocks that compete with them, as we
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RUN
News
- Sunrun Inc. (NASDAQ: RUN) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $12.00 price target on the stock, down previously from $18.00.MarketBeat
- Sunrun CEO Mary Powell Named to the 2024 TIME100 Climate List of Most Influential Leaders In Climate [Yahoo! Finance]Yahoo! Finance
- Sunrun CEO Mary Powell Named to the 2024 TIME100 Climate List of Most Influential Leaders In ClimateGlobeNewswire
- Sunrun Inc. (NASDAQ: RUN) had its price target lowered by analysts at BMO Capital Markets from $20.00 to $11.00. They now have a "market perform" rating on the stock.MarketBeat
- Sunrun Inc. (NASDAQ:RUN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
RUN
Earnings
- 11/7/24 - Miss
RUN
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- RUN's page on the SEC website