Why Sunrun Shares Are Soaring On Monday
Portfolio Pulse from Aaron Bry
Sunrun Inc's shares are trading higher, up more than 6% following a strong Monday session. Morgan Stanley analyst Stephen Byrd maintained an 'overweight' rating on the clean-energy company and raised its price target to $39 from $30. The stock is also higher amid overall strength in small-cap stocks, with the iShares Russell 2000 ETF outperforming all major indices.
July 18, 2023 | 3:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares Russell 2000 ETF is outperforming all major indices, indicating a return of favor among investors for small-cap stocks.
The iShares Russell 2000 ETF's performance is indicative of the overall strength in small-cap stocks, which is a positive sign for investors interested in this segment of the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Sunrun's stock is trading higher following a strong Monday session and a raised price target by Morgan Stanley. The stock is also benefiting from the overall strength in small-cap stocks.
The rise in Sunrun's stock price can be attributed to the positive rating and raised price target by Morgan Stanley, indicating strong confidence in the company's performance. Additionally, the overall strength in small-cap stocks is also contributing to the rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100