What's Up With Sunrun Stock Nosediving?
Portfolio Pulse from Henry Khederian
Shares of Sunrun Inc (NASDAQ:RUN) are trading lower by 6.03% to $18.00, in sympathy with SolarEdge Technologies after the company issued weak third-quarter guidance. SolarEdge announced better-than-expected quarterly adjusted earnings and sales, but anticipates lower revenues for the third quarter. Sunrun has a 52-week high of $39.13 and a 52-week low of $14.55.
August 04, 2023 | 11:27 am
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Sunrun Inc's stock is trading lower due to weak Q3 guidance from SolarEdge. Despite SolarEdge's better-than-expected earnings and sales, lower Q3 revenues are anticipated.
Sunrun's stock price is falling due to weak Q3 guidance from SolarEdge, a company in the same industry. This suggests that investors are concerned about the overall health of the solar industry, which could negatively impact Sunrun's future performance.
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