Why Solar Energy Stocks Cratered Again This Week [Yahoo! Finance]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: Yahoo! Finance
According to data provided by S&P Global Market Intelligence SunPower (NASDAQ: SPWR) was down by as much as 13.2% this week, Sunrun (NASDAQ: RUN) dropped by as much as 25.4%, and Sunnova Energy (NYSE: NOVA) was off by 19.1% at its low point. Those stocks closed the week down by 6.6%, 21.3%, and 16.4%, respectively. Interest rates plague solar stocks The biggest factor hitting solar energy stocks this week was the rise in interest rates. Over the past month, the 1-year U.S. Treasury bond rate has increased from 4.23% to 4.31%. That rise in the market rate was driven by a higher-than-expected inflation reading for February, which made investors think the Federal Reserve will keep its benchmark federal funds rate higher for longer than previously expected. Coming into 2024, most investors thought the Federal Reserve would make multiple cuts to that key interest rate this year, but the start of those cuts has been delayed because inflation remains higher than the central bank's tar
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News
- Sunrun (RUN) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Sunrun’s ‘PowerOn Puerto Rico’ Virtual Power Plant Helps Island Avoid Rolling BlackoutsGlobeNewswire
- Current Climate: A $46 Million Renewable Energy Swindle [Forbes]Forbes
- 24 Profitable Outdoor Business Ideas to Start In 2024 [Yahoo! Finance]Yahoo! Finance
- Newfront Announces Appointment of Katherine August-deWilde to Board of Directors [Yahoo! Finance]Yahoo! Finance
RUN
Earnings
- 2/21/24 - Miss
RUN
Sec Filings
- 4/29/24 - Form DEF
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- RUN's page on the SEC website