Sunrun Stock Continues To Charge Higher: What's Going On?
Portfolio Pulse from Adam Eckert
Sunrun Inc's (NYSE:RUN) shares are trading higher after Morgan Stanley raised its price target from $30 to $39. This comes after Barclays lowered its price target from $31 to $27. Sunrun shares have risen over 16% in the last month, with a 12% rally on Monday. The company is set to report Q2 financial results on Aug. 2, with an expected loss of 23 cents per share on quarterly revenue of $628.65 million. Despite the recent rally, Sunrun shares are still down approximately 9% year-to-date.
July 18, 2023 | 12:31 pm
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Sunrun's stock is trading higher after Morgan Stanley raised its price target. The company's shares have risen over 16% in the last month, but are still down 9% YTD. Q2 results are expected on Aug. 2.
The rise in Sunrun's stock price is likely due to Morgan Stanley's raised price target. However, despite the recent rally, the stock is still down 9% YTD, indicating that there may be some volatility in the short term. The upcoming Q2 results could also impact the stock's performance.
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